Downside target for USD/CAD
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
AUD/USD: aussie hovering over cliff
Technical levels: support – 0.7725; resistance – 0.7780
Trade recommendations:
- Sell — 0.7760; SL — 0.7780; TP1 — 0.7690; TP2 — 0.7660.
- Buy — 0.7780; SL — 0.7760; TP1 — 0.7840; TP2 — 0.7880.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen; the market is under the strong resistance of 0.7780.
Tatyana Norkina
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