USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
NZD/USD got disappointed
TP1 0.6565 TP2 0.652 TP3 0.643
On the daily chart, NZD/USD keeps forming a “Head and shoulders” and AB=CD with a target at 161.8%. A pullback from the lower border of the previous consolidation range of 0.6710-0.6850 and the upper border of the downtrend channel was a basis for bears’ attack.
On H1 of NZD/USD, the closeness of 88.6% target of the “Shark” make sit dangerous to sell at the current levels. There’s more sense to sell on the pullback from resistance at 0.6625-0.6640.
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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