AUD/NZD experienced an impressive rally since the end of March.
USD/JPY: Dollar breaking down SSB’s support
Technical levels: support – 110.75, 110.45; resistance – 111.30.
- Sell — 111.00; SL — 111.20; TP1 — 110.45; TP2 — 109.70.
Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are breaking the SSB’s support and going to Cloud’s support.
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…