Last week NZD/USD made a significant thrust to the downside.
AUD/USD: aussie needs Cloud’s support
Technical levels: support – 0.7850; resistance – 0.7910, 0.7940
- Buy — 0.7850; SL — 0.7830; TP1 — 0.7910; TP2 — 0.7940.
- Sell — 0.7830; SL — 0.7850; TP1 — 0.7780; TP2 — 0.7740.
Reason: expanding bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the prices in a correction to the Cloud and the market needs Cloud’s support.
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…