USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
EUR/USD is hunting bats
TP1 1.1715 TP2 1.1790 TP3 1.1910
On the daily chart, EUR/USD keeps consolidating in the 1.1515-1.1815 range. Bulls keep hoping to form a “Dragon” and a “Crab”. To do it, they will need to lead the pair out of the downtrend channel, push it above resistance at на 1.1755 and then renew July high.
On H1, if EUR/USD reaches 88.6% target of a “Bat”, it will allow locating support. A pullback from it will create the ground for long positions.
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.
Despite the uncertainties, MS sees some stocks continue beating their records. Check them out!
The British pound entered summer higher against USD and EUR. What’s the reason?
The USD/JPY is at the lower border of the 2-week channel. Will it be broken?