USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
EUR/GBP: EUR has chances to fight against GBP
TP1 0.9 TP2 0.902 TP2 0.9055
On the daily chart of EUR/GBP, bears couldn't break the support at 0.87 ( the bottom line of the longterm consolidation within the "Spike and ledge" pattern). As a result, the "Wolfe waves" pattern was implemented and there are clues on the "Shark" pattern's implementation.
On H1, a break of the upper boundary of the downward channel signaled the bulls' strength. To keep the rally towards the 88.6% target of the "Shark" pattern, they need to break the resistance at 0.891.
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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