AUD/NZD faces more downside
AUD/NZD is making movements to the downside which are hard to ignore.
GBP/USD: the Bears tests new lows
Technical levels: support – 1.2920; resistance – 1.3040.
Trade recommendations:
- Sell — 1.3040; SL — 1.3060; TP1 — 1.2960; TP2 — 1.2920.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen but the lines are horizontal; the prices have approached to July’s lows and may breakdown its.
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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