USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
GBP/USD: pound reached daily support
Technical levels: support – 1.2700; resistance – 1.2810, 1.2860
- Buy — 1.2710/20; SL — 1.2690; TP1 — 1.2810; T2 — 1.2860.
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 on the strong daily support.
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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