Last week NZD/USD made a significant thrust to the downside.
GBP/USD: pound tested Cloud’s support
Technical levels: support – 1.2960, 1.2900; resistance – 1.3010.
- Buy — 1.2950; SL — 1.2930; TP1 — 1.3010; TP2 — 1.3050.
Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a correctional dead cross of Tenkan-sen and Kijun-sen; the market is supported by 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…