USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
AUD/USD: aussie couldn’t break Cloud’s resistance
Technical levels: support – 0.7330; resistance – 0.7400
- Sell — 0.7400; SL — 0.7420; TP1 — 0.7330; T2 — 0.7300.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are returned to bottom Cloud’s border and there is a strong resistance.
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.
Despite the uncertainties, MS sees some stocks continue beating their records. Check them out!
The British pound entered summer higher against USD and EUR. What’s the reason?
The USD/JPY is at the lower border of the 2-week channel. Will it be broken?