AUD/NZD: is it time for a correction?
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.
Trade recommendations:
- 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.
Tatyana Norkina
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