AUD/USD may rise to 0.74
On the daily chart, AUD/USD stayed above the support at 0.7105 (78.6% of the long-term rising wave).
EUR/USD: euro started to SSA
Technical levels: support – 1.2230, 1.2270; resistance – 1.2350, 1.2400.
Trade recommendations:
- Buy — 1.2300; SL — 1.2280; TP1 — 1.2400; TP2 — 1.2450
Reason: narrowing bearish Ichimoku Cloud with raising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with narrowing channel; the prices are supported by Senkou Span B and going to upper border of the Ichimoku Cloud.
Tatyana Norkina
Similar
NZD/USD can get even higher
On the daily chart, bulls managed to lead NZD/USD outside of the downtrend channel. They are ready to trigger the “Shark” with 88.6% and 113% targets.
EUR/USD can rebound after a pullback
On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
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