USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
AUD/USD: bulls push the pair up
BUY 0.7085 SL 0.703 TP1 0.717 TP2 0.7215 TP3 0.7255
On the daily chart of AUD/USD, the 88.6% target of the "Shark" pattern was reached. As a result, the odds of the correction towards the 23.6%, 38.2%, 50% targets of the CD wave increased. The rebounds from these resistance levels may be used to open short positions. The update of the December's minimum will pull the pair down towards the 113% target.
On H1, if the resistance at 0.7085 is broken, the pair can make the reversal towards the 23.6%, 38.2% and 50% targets of the "Shark" pattern's CD wave.
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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