AUD/NZD experienced an impressive rally since the end of March.
USD/JPY: dollar returned to negative area
Technical levels: support – 109.00; resistance – 109.50.
- Sell — 109.50; SL — 109.70; TP1 — 109.00; TP2 — 108.60.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen, the falling lines; the bears continue their offensive.
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…