USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
EUR/USD is consolidating
SELL 1.2215 SL 1.227 TP1 1.2115 TP2 1.2095 TP3 1.1965
BUY 1.247 SL 1.2415 TP1 1.257 TP2 1.267 TP3 1.277
On the daily of EUR/USD, there are the senior and junior “Broadening wedge” patterns. To resume the uptrend, bulls should push the pair above resistance at 1.2457-1.2470. On the other hand, decline below support at 1.2215 will open the way for the decline.
On H1, EUR/USD keeps consolidating in the 1.2215-1.2445 range within the “Spike and reversal with acceleration” pattern. A break of support at 1.2315 will trigger the “Shark” pattern.
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.
There has been some movement in the EUR/USD chart. What's happening?
There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
The US-China relations are getting more tensed over Hong-Kong. How does that affect the USD?