AUD/NZD experienced an impressive rally since the end of March.
USD/JPY: dollar on November’s lows
Technical levels: support – 111.00; resistance – 112.00.
- Buy — 111.20/30; SL — 111.00; TP1 — 112.00.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling lines; but the market is oversold and placed on the strong daily 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…