Last week NZD/USD made a significant thrust to the downside.
AUD/USD: aussie reached main target
Technical levels: support – 0.7870; resistance – 0.8000
- Sell — 0.7940; SL — 0.7960; TP1 — 0.7870; TP2 — 0.7840.
Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; but the market is overbought and under the strong resistance of 0.8000.
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…