The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
NZD/USD broke long-term support level 0.6840
- NZD/USD broke long-term support level 0.6840
- Next sell target - 0.6670
NZD/USD recently broke through the long-term support level 0.6840 (which has been steadily reversing the price from the end of 2016, as can be seen from the daily NZD/USD chart below). The breakout of this support level accelerated the active minor impulse wave 3. NZD/USD is expected to fall in the active impulse wave (C) toward the next sell target at the next support level 0.6670 (former support from May of 2016).
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.