USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
BTC/USD will meet resistance
SELL 8220; TP 7630; SL 8450
BTC/USD slipped at the beginning of June. During the recent days, it has found support in the $7,550 area and tried to recover. However, the cryptocurrency has violated the March-May trendline support. We expect that Bitcoin will meet resistance on the attempt to recover to $8,350 (May 16 high). The 50- and 100-period MAs on H4 are about to form a “dead cross” - this confirms the resistance. If our predictions turn out to be true, we’ll target the $7,600 area for selling.
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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