USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
GBP/USD: the pound recovers
BUY 1.27 SL 1.2645 TP1 1.28 TP2 1.3065 TP3 1.3315
On the daily chart of GBP/USD, bulls try to push the pair back to the triangle's borders and the previous consolidation range between 1.27 and 1.33. If they succeed, the "Wolfe Waves" and "Fakeout-Shakeout" patterns will be implemented. As a result, the odds of the end of the downward trend will increase.
On H1, if the resistance at 1.27 is broken again, the pair will rise towards the 88.6% target of the "Bat" pattern. The combination of the "Three Indians" and 1-2-3 patterns shows the British pound is strong enough to break the downward trend.
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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