AUD/USD may rise to 0.74
On the daily chart, AUD/USD stayed above the support at 0.7105 (78.6% of the long-term rising wave).
GBP/USD: pound keep staying under SSA’s resistance
Technical levels: support – 1.3450, 1.3380, 1.3240; resistance – 1.3540.
Trade recommendations:
- Sell — 1.3540; SL — 1.3560; TP1 — 1.3450; TP2 — 1.3380.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a new, but weak dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the Bulls can’t brake through the Cloud’s resistance and may continue existing downtrend.
Tatyana Norkina
Similar
NZD/USD can get even higher
On the daily chart, bulls managed to lead NZD/USD outside of the downtrend channel. They are ready to trigger the “Shark” with 88.6% and 113% targets.
EUR/USD can rebound after a pullback
On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
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