Last week NZD/USD made a significant thrust to the downside.
USD/JPY: Dollar returned to June’s levels
Technical levels: support – 110.30; resistance – 111.00, 111.50.
- Sell — 111.00; SL — 110.20; TP1 — 110.30; TP2 — 110.10.
- Buy — 110.30; SL — 110.10; TP1 — 111.00; TP2 — 111.40.
Reason: bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices are bounced from Tenkan-sen and going lower in the negative area.
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…