AUD/NZD experienced an impressive rally since the end of March.
USD/JPY: bulls took offensive
Technical levels: support – 111.30, 110.15; resistance – 112.20.
- Buy — 111.60; SL — 112.40; TP1 — 112.20; TP2 — 113.20.
Reason: narrowing bearish Ichimoku Cloud, horizontal Senkou Span B; a new golden cross of Tenkan-sen and Kijun-sen; the prices are entered into 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…