USD/CHF may test lower levels this week as long as it keeps trading below the resistance at 1.01.
AUD/USD: aussie inside a Cloud
Technical levels: support – 0.7330, 0.7370; resistance – 0.7440
- Sell — 0.7440; SL — 0.7460; TP1 — 0.7370; TP2 — 0.7330.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen, horizontal lines; the prices are entered inside a Cloud and may test upper border Cloud.
The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
USD/JPY formed a big bearish candlestick yesterday that almost engulfed the previous bullish one.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…