AUD/NZD is making movements to the downside which are hard to ignore.
GBP/USD: pound inside a Cloud
Technical levels: support – 1.3310; resistance – 1.3400.
- Sell — 1.3390; SL — 1.3410; TP1 — 1.3310; TP2 — 1.3280.
Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with a rising Kijun-sen; the market entered inside a Cloud in the correctional movement and may test SSB’s resistance soon.
USD/CHF may test lower levels this week as long as it keeps trading below the resistance at 1.01.
The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
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…