Last week NZD/USD made a significant thrust to the downside.
USD/JPY: Dollar tested 3W lows
Technical levels: support – 110.50; resistance – 111.00, 111.30.
- Sell — 111.00; SL — 111.30; TP1 — 110.50; TP2 — 110.10.
Reason: expanding bullish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are corrected to Kijun-sen.
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…