USD/ZAR recoiled down from the resistance line connecting October highs and slipped under the daily moving averages.
EUR/USD: euro goes to June’s lows
Technical levels: support – 1.1510; resistance – 1.1590.
- Sell — 1.1590; SL — 1.1610; TP1 — 1.1545; TP2 – 1.1510.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a strong dead cross of Tenkan-sen and Kijun-sen with falling lines; a market going down to extremums of June 2018, but it’s oversold now.
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…