AUD/NZD experienced an impressive rally since the end of March.
AUD/USD: the bulls are in panic
Technical levels: support – 0.7650; resistance – 0.7700
- Sell — 0.7700; SL — 0.7720; TP1 — 0.7630; TP2 — 0.7590.
Reason: extremely narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the market is under the Cloud, but it’s oversold right now – waiting for the correction.
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…