USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
EUR/NZD: the downtrend is still on
SELL 1.6500; TP1 1.6465; TP2 1.6410; SL 1.6515
EUR/NZD has stalled ahead of the downtrend resistance line. The pair formed a “shooting star” candlestick on the daily chart. The main support is located in the 1.64 area, where the pair has met support twice during the latest month. As a result, it’s possible to expect a minor movement to the downside.
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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