AUD/NZD experienced an impressive rally since the end of March.
AUD/USD: aussie inside a Cloud
Technical levels: support – 0.7610, 0.7690; resistance – 0.7730
- Sell — 0.7730; SL — 0.7750; TP1 — 0.7610; TP2 — 0.7580.
- Sell — 0.7680; SL — 0.7710; TP1 — 0.7610; TP2 — 0.7580.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are had entered into the cloudy area.
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…