AUD/NZD experienced an impressive rally since the end of March.
AUD/USD: bulls gave up
SELL 0.7715 SL 0.7770 TP1 0.7615 TP2 0.7570 TP2 0.7525
SELL 0.7650 SL 0.7705 TP1 0.7550 TP2 0.7525
On the daily chart of AUD/USD, the inability of bulls to keep the pair inside the long-term uptrend channel with the following decline of the pair below the important support area of 0.7745-0.776 showed that buyers gave up. A break of support at 0.7635-0.774 will lead to the further decline to 161.8% target of AB=CD.
On H1, after AUD/USD reached 88.6% of the “Shark” pattern, the odds of s pullback to 38.2%, 50%, and 61.8% increased.
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…