What will happen to the one of the main indices - S&P500
AUD/USD: trend turns down
Technical levels: support – 0.7570; resistance – 0.7620.
1. Sell — 0.7590; SL — 0.7610; TP1 — 0.7540; TP2 — 0.7520.
Reason: narrowing bullish Ichimoku Cloud, falling Senkou Span A, the mood of a Cloud will be changed soon; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices are going to the negative area.
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…