USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
AUD/USD: aussie looks weak
Technical levels: support – 0.7160, 0.7090; resistance – 0.7190
- Sell — 0.7180; SL — 0.7200; TP1 — 0.7120; TP2 — 0.7090.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the market is on the strong support but the Bears may breaks down it for the new lows.
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.
Oil prices have been climbing up for a long time. What have stopped them?
There has been some movement in the EUR/USD chart. What's happening?
There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?