USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
EUR/USD: euro keep staying inside cloud
Technical levels: support – 1.1490; resistance – 1.1590, 1.1620.
- Sell — 1.1620; SL — 1.1630; TP1 — 1.1520; TP2 — 1.1490;
Reason: narrowing bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market keep staying inside a Cloud after the powerful bullruns.
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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