AUD/NZD experienced an impressive rally since the end of March.
GBP/USD: pound is under strong resistance
Technical levels: support – 1.2530; resistance – 1.2550, 1.2590.
1. Sell — 1.2550; SL — 1.2570; TP1 — 1.2430; TP2 — 1.2400.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are under daily resistance; the local market is overbought.
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…