USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
AUD/USD: aussie in cloudy area
Technical levels: support – 0.7200; resistance – 0.7270.
- Buy — 0.7200; SL — 0.7180; TP1 — 0.7270; TP2 — 0.7300.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are inside a Cloud now, but supported by Kijun-sen.
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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