USD/CHF may test lower levels this week as long as it keeps trading below the resistance at 1.01.
AUD/USD: bulls are stopped by Cloud
Technical levels: support – 0.7550; resistance – 0.7570.
1. Sell — 0.7540; SL — 0.7560; TP1 — 0.7470; TP2 — 0.7430.
Reason: bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under strong resistance of the Cloud.
The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
USD/JPY formed a big bearish candlestick yesterday that almost engulfed the previous bullish one.
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…