USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
EUR/GBP: the bullish pressure continues
BUY 0.907 SL 0.9015 TP1 0.917 TP2 0.922 TP3 0.93
On the daily chart of EUR/GBP, there is the transformation of the "Shark" pattern into the 5-0 one. Due to this transformation, bulls plan to move the pair out of the consolidation range between 0.87 and 0.902, which is formed as a part of the "Spike and Ledge" pattern. The update of the December's maximum will increase the odds of the rise towards the 127.2% target of the AB=CD pattern.
On H1, bears' inability to hold the pair within the borders of the upward channel shows their weakness.
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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