AUD/NZD faces more downside
AUD/NZD is making movements to the downside which are hard to ignore.
GBP/USD: pound is overbought
Technical levels: support – 1.3400; resistance – 1. 3575.
Trade recommendations:
- Sell — 1.3575; SL — 1.3595; TP1 — 1.3500; TP2 — 1.3475.
Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with the rising Tenkan-sen; but the market is overbought – waiting for the correction.
Tatyana Norkina
Similar
USD/CHF is capped by resistance
USD/CHF may test lower levels this week as long as it keeps trading below the resistance at 1.01.
Technical levels for NZD/USD
The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
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