Last week NZD/USD made a significant thrust to the downside.
AUD/USD: aussie supported by Kijun-sen
Technical levels: support – 0.7580/90; resistance – 0.7660.
- Buy — 0.7600; SL — 0.7580; TP1 — 0.7660; TP2 — 0.7690.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the bulls trying to breakout a strong resistance on 0.7610/30.
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…