USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
Have a look at Apple’s stock
SELL 234.60; TP 233.00; SL 235.00
There are many ways to trade the market sentiment in relation to the US-China trade war. For example, you can bet on the stock of Apple as the American company has strong ties to the Chinese market. The optimism which spiked at the end of the last week is now slowly replaced with caution.
Apple’s stock met resistance in the 238.15 area and formed a lower high on the H1. Given the change in sentiment, a minor correction of the price to 233.00 seems quite likely. All in ll, the price remains in an uptrend, although it has obviously gone far away from the daily MAs.
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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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