AUD/NZD experienced an impressive rally since the end of March.
USD/JPY: the Dollar tested 110.00
Technical levels: support – 109.50, 109.00; resistance – 110.00.
- Sell — 109.80; SL — 110.00; TP1 — 109.00 0; TP2 — 108.20.
Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the market tested the daily resistance on 110.00, but still highly overbought.
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…