USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
GBP/USD: pound testing SSB’s resistance
Technical levels: support – 1.3310; resistance – 1.3400.
- Sell — 1.3390; SL — 1.3410; TP1 — 1.3310; TP2 — 1.3280.
Reason: narrow bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with a rising lines; the market keep staying inside a Cloud, but there is a strong resistance of Senkou Span B on 1.4000.
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?
The US-China relations are getting more tensed over Hong-Kong. How does that affect the USD?