AUD/NZD experienced an impressive rally since the end of March.
USD/JPY: the Dollar on Cloud
Technical levels: support – 106.80; resistance – 107.50, 107.80.
- Buy — 107.10; SL — 107.00; TP1 — 107.80.
- Sell — 106.70; SL — 106.90; TP1 — 106.00; TP2 — 105.30.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen, but falling Kijun-sen; the prices are on the Cloud’s support.
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…