USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
AUD/USD: aussie corrected to Cloud
Technical levels: support – 0.7160; resistance – 0.7235.
- Sell — 0.7230; SL — 0.7250; TP1 — 0.7160; TP2 – 0.7090.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun; the prices are inside a 4H-Cloud and may test the upper border of the Cloud.
Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
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