USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
BTC/USD remains under pressure
SELL at 3625; TP 3465; SL 3700
BTC/USD didn’t move much during the last week. However, on D1, Bitcoin was clearly rejected down by the 50-day MA (3777.96) at the end of the week.
A bearish flag implies the upcoming decline to 3463 (78.6% Fibo retracement of the December advance). The next support — and a very important one — is at 3250 (December lows, 200-week MA).
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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