NZD/USD 4-hour: Below the Ichimoku’s cloud.
Invest Diva positioning: Short positions below 0.7462 with targets at 0.7390 and 0.7315 in extension.
Technical reasons why: The pair is moving down from the previous top level and is now at the 23% Fibonacci level below the Ichimoku’s cloud. The RSI is below the neutrality area.
Alternative Scenario: Above 0.7462 look for further upside with 0.7543 and 0.7610.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7390 | 0.7462 | 0.7610 |
| 0.7315 | 0.7462 |
USD/JPY 4-hour: Within the Ichimoku’s cloud.
Invest Diva positioning: No positions.
Technical reasons why: The pair is moving inside the Ichimoku’s cloud. The RSI is at the nuetrality area.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 119.19 | 120.16 | 122.01 |
| 118.32 | 121.14 |
#1 Best Selling Author. Helping you accelerate your retirement with Triple Compounding™ Former engineer on a mission to help 1 million households take control of their finances. Founder & CEO of Invest Diva.
