AUD/NZD experienced an impressive rally since the end of March.
AUD/USD: aussie returned to 0.8000
Technical levels: support – 0.7940, 0.7980; resistance – 0.8000.
- Sell — 0.7970; SL — 0.7990; TP1 — 0.7940; TP3 — 0.7920.
- Buy — 0.7930; SL — 0.7910; TP1 — 0.8000; TP3 — 0.8040.
Reason: bullish Ichimoku Cloud, horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls are tested the strong resistance on 0.8000, but can’t break it out.
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…