EUR/JPY broke key support level 131…
AUD/USD close to a buy opportunity
AUD/USD is approaching a key demand zone between the 0.7813 and 0.7789 level, established by our Fibonacci’s projections at the H1 chart. While the level of 0.7789 remains untouched, we might expect more rallies in the Aussie, putting on its way to reach the -23.6% Fibonacci level at 0.7934. To the downside, if the 65% Fibo ara gives up, another leg lower towards the 0.7767 level is expected to happen.
RSI indicator is in the negative territory, favoring to the bears in the short-term.
There isn't any reversal pattern so far. If the 21 MA acts as resistance, we're likely going to have just another decline...
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are returned to the support of Tenkan and Kijun and may go higher.
Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls can’t breaking out the resistance of upper border of the Cloud and the market may return to 113.00.