AUD/NZD experienced an impressive rally since the end of March.
AUD/USD: bulls under pressure of Cloud
Technical levels: support – 0.7500, 0.7450; resistance – 0.7550.
1. Sell — 0.7540; SL — 0.7560; TP1 — 0.7500; TP2 — 0.7450.
Reason: narrowing bearish Ichimoku Cloud, falling Senkou Span A; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are under strong resistance of the Cloud.
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…