AUD/NZD experienced an impressive rally since the end of March.
AUD/USD is at the crossroads
TP1 0.7725 TP2 0.7650
On the daily chart of AUD/USD, there’s a desperate fighting for 0.7410-0.7460. Bulls are trying to return the pair inside the long-term uptrend, while bears want to return it to the medium-term downtrend.
On H1, the “Shark” pattern is transforming into 5-0. Never the less, a break of resistance at 0.7795 will trigger a “Bat” with a target at 88.6%. Powers of bulls and bears near 0.7765-0.7865 are relatively equal. This increases the possibility of consolidation.
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…