Last week NZD/USD made a significant thrust to the downside.
EUR/USD: euro found support on 1.2300
Technical levels: support – 1.2300; resistance – 1.2380.
- Buy — 1.2300/10; SL — 1.2280; TP1 — 1.2380; TP2 — 1.2450
- Sell — 1.2270; SL — 1.2300; TP1 — 1.2220; TP2 — 1.2180
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, Tenkan-sen is horizontal; the market is on the strong support of 1.2300.
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…