AUD/NZD experienced an impressive rally since the end of March.
USD/JPY: dollar breaking out SSB’s resistance
Technical levels: support – 112.80; resistance – 113.50.
- Sell — 113.50; SL — 113.70; TP1 — 112.80; TP2 — 112.50.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, with rising lines; the prices are under strong resistance and the market is overbought.
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…