AUD/NZD experienced an impressive rally since the end of March.
USD/JPY: the Dollar going higher
Technical levels: support – 108.50, 108.00; resistance – 109.20.
- Sell — 109.20; SL — 109.40; TP1 — 108.50; TP2 — 108.00.
Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the market got a strength, but near daily resistance.
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…