USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
Gold is moving in channels
SELL 1311 SL 1326 TP1 1281 TP2 1272 TP3 1250
SELL 1280 SL 1295 TP1 1250 TP2 1244
On the daily chart of USD/XAU, bulls have to break resistance at 1302. Then the pair may leave the descending channel, trigger and form a “Shark” pattern with the target at 88.6%.
On H1, XAU/USD keeps forming 5-0, “Broadening wedge” and AB=CD. A pullback of the pair from the upper border of the downtrend channel will allow bears to resume the downtrend.
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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