USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
GBP/USD is dreaming of a correction
TP1 1.34 TP2 1.3445 TP3 1.3555
On the daily chart, GBP/USD is trying to correct with the help of a “Three Indians” pattern from the area of 88.6% of the “Double top”. The first attempt to overcome resistance at 23.6% of the last descending wave failed.
On H1, GBP/USD reached the interim target of “Wolfe waves” pattern. The pair’s currently consolidating in the 1.3220-1.3300 range. A break of its upper border will increase the odds of formation of “Crab” and “Shark” patterns.
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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