USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
GBP/USD: the Bears tests new lows
Technical levels: support – 1.2920; resistance – 1.3040.
- Sell — 1.3040; SL — 1.3060; TP1 — 1.2960; TP2 — 1.2920.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen but the lines are horizontal; the prices have approached to July’s lows and may breakdown its.
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 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?
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