USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
GBP/USD: pound in green zone
Technical levels: support – 1.3930; resistance – 1.4010.
- Buy — 1.3940; SL — 1.3920; TP1 — 1.4010; TP2 — 1.4070.
Reason: narrowing bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; the prices returned to the positive area and the Bulls looks strong to continue market’s growing.
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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