USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
AUD/USD: the Bulls feel good
Technical levels: support – 0.7370, 0.7330; resistance – 0.7390
- Buy — 0.7440; SL — 0.7420; TP1 — 0.7490.
- Sell — 0.7490; SL — 0.7510; TP1 — 0.7420; TP2 — 0.7390.
Reason: bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but narrowing channel Tenkan-Kijun; the prices are in positive zone and going to main daily resistance 0.7490.
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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