USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
GBP/USD: The pound left the triangle
SELL 1.266 SL 1.2715 TP1 1.256 TP2 1.246 TP3 1.22
On the daily chart of GBP/USD, bears managed to move the pair outside the triangle. The pair needs to stick below 1.27 and fall to the August minimum to continue going down. If the August minimum is successfully updated, the AB=CD pattern with the 161.8% target will be activated. It will comply with the 1.22 level.
On H1, bears are planning to implement the AB=CD pattern. They keep the situation under control until the pair returns to the resistance at 1.2925.
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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