USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
GBP/USD: the Bears are tired
Technical levels: support – 1.3550/60, 1.3240; resistance – 1.3660.
- Sell — 1.3660; SL — 1.3680; TP1 — 1.3550; TP2 — 1.3450.
- Buy — 1.3580; SL — 1.3560; TP1 — 1.3660.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal; the prices are on the new lows, but daily market is extremely oversold.
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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