AUD/NZD experienced an impressive rally since the end of March.
GBP/USD: pound formed new local lows
Technical levels: support – 1.2570; resistance – 1.2650.
- Buy — 1.2570; SL — 1.2550; TP1 — 1.2650; TP2 — 1.2710.
Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; the cancelled dead cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices made the new lows for the last two months and the marker 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…