AUD/NZD faces more downside
AUD/NZD is making movements to the downside which are hard to ignore.
AUD/USD: aussie returned to SSA
Technical levels: support – 0.7330; resistance – 0.7390
Trade recommendations:
- Sell — 0.7390; SL — 0.7410; TP1 — 0.7330; TP2 — 0.7300.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are bounced from daily support and returned to SSA’s resistance.
Tatyana Norkina
Similar
USD/CHF is capped by resistance
USD/CHF may test lower levels this week as long as it keeps trading below the resistance at 1.01.
Technical levels for NZD/USD
The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
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