AUD/NZD experienced an impressive rally since the end of March.
GBP/USD: pound in correction to Cloud
Technical levels: support – 1.2670; resistance – 1.2765.
- Buy — 1.2700; SL — 1.2680; TP1 — 1.2765; TP2 — 1.2800.
Reason: narrowing bearish Ichimoku Cloud; rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the local market in a correction phase and the bulls may go higher.
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…