USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
GBP/USD: Bear’s market is coming
Technical levels: support – 1.3060; resistance – 1.3140.
- Sell — 1.3100; SL — 1.3120; TP1 — 1.3060; TP2 — 1.3010.
Reason: bearish Ichimoku Cloud but horizontal Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices exited into negative area and ready to continue daily downtrend.
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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