Last week NZD/USD made a significant thrust to the downside.
USD/JPY: Dollar going to April’s highs
Technical levels: support – 110.80, 110.50; resistance – 111.50.
1. Sell — 111.50; SL — 111.70; TP1 — 110.80; TP2 — 110.50.
Reason: bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, horizontal Tenkan-sen; 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…