USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
EUR/GBP faces bearish risks
SELL 0.8985; TP 0.8920; SL 0.9005
An attempt of EUR/GBP to break higher earlier this week has been rejected: the advance stopped at 0.9150. The pair has breached the previous bullish channel. It is now just above the key support of 0.9000 (38.2% Fibo of the March-August decline). The decline below this level will open the way down to 0.8920/00 (the 100-day MA and 50% Fibonacci level). If the euro attempts to recover, it will meet resistance in the 0.9065/9100 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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