AUD/NZD experienced an impressive rally since the end of March.
USD/JPY: the Dollar returned to Kijun
Technical levels: support – 105.00, 104.30; resistance – 105.60.
- Sell — 105.50; SL — 105.70; TP1 — 105.00; TP2 — 104.30.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a strong dead cross of Tenkan-sen and Kijun-sen; a market was oversold and corrected to Kijun-sen – the downtrend may continue soon.
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…