The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
EUR/USD: consolidation under the Moving Averages
The main trend is still bearish. Also, the 34 Moving Average has acted as resistance, so there's a 'V-Top' pattern. Nevertheless, after a short break, the market is likely going to test the next resistance at 1.2031 - 1.2055.
The market is consolidating under the Moving Averages. It's likely that the pair is going to test the 89 MA, which could act as resistance. If so, there'll be an opportunity to have another decline towards the nearest support at 1.1896 - 1.1890.
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USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.