USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
EUR/USD: the Bears in game
Technical levels: support – 1.1300; resistance – 1.1380.
- Sell — 1.1370/80; SL — 1.1400; TP1 — 1.1300; TP2 — 1.1270.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the market’s in negative mood and keep staying under the Cloud’s resistance.
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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