AUD/NZD experienced an impressive rally since the end of March.
GBP/USD: bulls tested Cloud’s resistance
Technical levels: support – 1.2850; resistance – 1.2910.
- Sell — 1.2840; SL — 1.2860; TP1 — 1.2780; TP2 — 1.2750.
Reason: bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen under the Cloud; the market can’t breaking out the Cloud’s resistance.
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…