USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
AUD/USD: aussie corrected to positive zone
Technical levels: support – 0.7280; resistance – 0.7370
- Sell — 0.7370; SL — 0.7390; TP1 — 0.7280; TP2 — 0.7220.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices returned to positive zone in a correctional movement, but there is a strong resistance near 0.7400.
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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