AUD/NZD experienced an impressive rally since the end of March.
USD/JPY: the Dollar supported by Cloud
Technical levels: support – 106.15; resistance – 106.70, 107.00.
- Buy — 106.30/40; SL — 106.10; TP1 — 107.00; TP2 — 107.50.
Reason: bullish Ichimoku Cloud, but there is a falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with narrowing channel of Tenkan-Kijun; the market had returned to the Cloud but supported by Senkou Span B.
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…