AUD/NZD experienced an impressive rally since the end of March.
USD/JPY: the yen is accelerating its pace
On the USD/JPY daily chart, quotes returned to the borders of the downward trading channel. The bears regained control over the pair. We expect the continuation of the downward movements towards i108.8 (50% of the last long-term upward wave) and 107.7 (target 200% in the AB = CD pattern). The nearest important resistance levels can be found near 111.15 and 111.55-111.75.
On the USD/CAD hourly chart, the quotes are sliding towards 161.8% and 224% targets in the AB = CD patterns (109.5-109.7). If they go out from the downward trading channel, it will lead to the correction to 111.45-111.55.
Recommendation: SELL 111,55 SL 112,10 TP 109,7.
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…