AUD/NZD experienced an impressive rally since the end of March.
NZD/USD: kiwi catches up with the Bat
SELL 0,6915 SL 0,697 TP 0,68.
On the NZD/USD daily chart, the quotes' exit from the consolidation range of 0.6980-0.7050 and from the triangle allowed the bears to restore the downtrend. Targets in the AB = CD and Bat patterns located in the area of 0.675-0.68 are still relevant. It makes us believe that the downward momentum is strong enough.
On the NZD/USD hourly chart, there is a stable downtrend. As long as quotes are below the resistance area of 0.6915-0.6925, the sellers remain their control over the pair. In this situation, you should consider opening short positions on the quotes' growth, or on the update of the previously hit lows.
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…