Downside target for USD/CAD
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
AUD/USD returned down
Trade idea
SELL 0.6860; TP1 0.6830; T2 0.6770; SL 0.6885
AUD/USD has been falling since the start of 2018. On W1, the pair formed a “Falling three method” candlestick pattern. Usually, it points at the continuation of the downtrend. The Awesome Oscillator both on W1 and D1 is bearish. The weekly pivot point is located at 0.6911: as long as the pair is trading below this level, the odds are that it will test lower levels.
Elizabeth Belugina
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Trade setups for AUD/JPY
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
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Downside target for USD/CAD
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