AUD/NZD faces more downside
AUD/NZD is making movements to the downside which are hard to ignore.
USD/JPY: the Dollar in positive mood
Technical levels: support – 109.40, 108.80; resistance – 110.00.
Trade recommendations:
- Sell — 109.90; SL — 110.10; TP1 — 109.40; TP2 — 108.80.
Reason: bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market under SSB’s resistance and may return inside a Cloud.
Tatyana Norkina
Similar
USD/CHF is capped by resistance
USD/CHF may test lower levels this week as long as it keeps trading below the resistance at 1.01.
Technical levels for NZD/USD
The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
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