AUD/NZD experienced an impressive rally since the end of March.
USD/JPY: trading in Tenkan-Kinjun
Technical levels: support – 110.80, 110.50; resistance – 111.50.
1. Sell — 111.10; SL — 111.30; TP1 — 110.50; TP2 — 110.10.
Reason: bullish Ichimoku Cloud with falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market entered in channel of Tenkan-sen and Kijun.
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…