USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
GBP/USD: pound still strong
Technical levels: support – 1.3060; resistance – 1.3170.
- Buy — 1.3060; SL — 1.3040; TP1 — 1.3170; TP2 — 1.3240.
Reason: bullish Ichimoku Cloud, but the lines Senkou Span A and B are horizontal; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are reached the main 4H’s resistance and may correct to Tenkan-sen or Kijun-sen before continuing uptrend.
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.
There has been some movement in the EUR/USD chart. What's happening?
There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
The US-China relations are getting more tensed over Hong-Kong. How does that affect the USD?