USD/ZAR recoiled down from the resistance line connecting October highs and slipped under the daily moving averages.
EUR/USD: euro in consolidation
Technical levels: support – 1.1545; resistance – 1.1620.
- Sell — 1.1620; SL — 1.1640; TP1 — 1.1545; TP2 – 1.1510
Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are in consolidation movement in the negative zone and market is oversold.
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…