USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
GBP/USD: pound in correction to Cloud
Technical levels: support – 1.3500, 1.3450, 1.3240; resistance – 1.3660.
- Buy — 1.3550; SL — 1.3530; TP1 — 1.3630; TP2 — 1.3660.
- Sell — 1.3530; SL — 1.3530; TP1 — 1.3450; TP2 — 1.3380.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are going to 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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