AUD/NZD experienced an impressive rally since the end of March.
GBP/USD is under pressure
SELL 1.3060; TP1 1.3010; TP2 1.2970; SL 1.3075
GBP/USD has been consolidating between 1.3120 and 1.3010. Yesterday the pair broke below the support of the short-term triangle. This level is now providing resistance at 1.3080. The weekly pivot level is also keeping the prices under pressure below 1.3072. The moving averages on H4 are in the bearish position and favor the return of the price to 1.3010 and probably 1.2970.
Fundamentally, the decision to delay Brexit until October 31 may weight on the British pound as it means that the period of uncertainty about Britain’s economic future is extended.
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…