USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
GBP/CHF falling inside minor impulse 3
- GBP/CHF falling inside minor impulse 3
- Next sell target - 1.2500
GBP/CHF continues to fall inside the minor impulse 3 – which previously broke through the major support level 1.2900 (former major support level from February and March). The breakout of the support level 1.2900 accelerated the active impulse wave 3 of the intermediate impulse wave (3) from July. GBP/CHF is expected to fall further toward the next sell target at the next support level 1.2500 (target price for the completion of the active impulse wave 3).
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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