Last week NZD/USD made a significant thrust to the downside.
EUR/USD: euro goes to new lows
Technical levels: support – 1.1820, 1.1760; resistance – 1.1880.
- Sell — 1.1880; SL — 1.1900; TP1 — 1.1820; TP2 — 1.1760;
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the market has broken through the SSA’s and Kijun’s supports and made new lows of the year.
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…