AUD/NZD experienced an impressive rally since the end of March.
GBP/USD: pound returned to Cloud
Technical levels: support – 1.3960; resistance – 1.4010, 1.4050.
- Buy — 1.4000; SL — 1.3980; TP1 — 1.4050; TP2 — 1.4100.
- Sell — 1.3930; SL — 1.3950; TP1 — 1.3870; TP2 — 1.3810.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the narrowing channel of the lines; the prices are returned to the Cloud.
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…