USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
AUD/USD: aussie entered into Cloud
Technical levels: support – 0.7690, 0.7660; resistance – 0.7780
- Sell — 0.7770; SL — 0.7790; TP1 — 0.7690; TP2 — 0.7660.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen; the market had entered into the cloudy area and may go up to Senkou Span B’s levels.
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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