USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
EUR/NZD: euro keeps losing
SELL 1.7295; TP 1.7235; SL 1.7315
SELL 1.7360; TP 1.7300; TP2 1.7240; SL 1.7405
EUR/NZD has once again turned down from the levels around 1.7600. The pair found some support at 1.7300 on Thursday but slipped below all the important Moving Averages (50-, 200- and 100-period) on the H4. The euro isn’t oversold yet, and the decline below 1.7300 will bring it to 1.7235/25 (61.8% Fibo of the September advance, 50-day MA). Resistance lies at 1.7360, 1.7380 and 1.7400.
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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