USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
AUD/USD: aussie made new lows
Technical levels: support – 0.7610; resistance – 0.7690
- Sell — 0.7690; SL — 0.7710; TP1 — 0.7610; TP2 — 0.7580.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen under the Cloud with the falling lines; the market made a new lows of the year and in correction movement to Tenkan-sen and 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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