USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
CHF/JPY got some help
BUY 107.60; TP 108.05; SL 107.40
Have a look at the chart of CHF/JPY. The pair found support at the early September lows in the 106.85 area. The bullish divergence with the Awesome Oscillator on the W1 indicates that this support may hold for some time. “Harami” on the D1 and the price action that resembles an inverted “Head and Shoulders” on H4 hint at the possibility of buying above 107.55 targeting the 108.05 area.
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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