Downside target for USD/CAD
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
NZD/USD got into a cage
Recommendations:
SELL 0.6715 SL 0.677 TP1 0.6615 TP2 0.6515
BUY 0.6855 SL 0.68 TP1 0.6915 TP2 0.6975 TP3 0.7025
On the daily chart of NZD/USD, bulls tried to lead the pair out of the downtrend channel and trigger the “Bat” pattern but failed. The pair formed a consolidation range of 0.672-0.6855. If it gets out of it, it will find the direction for further movement.
On H1, NZD/USD is consolidating within a short-term downtrend. Bears are trying to finish the “Widening wedge” pattern and continue the decline.
Ivan Karamazov
Similar
NZD/USD: is the correction over?
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.
Trade setups for AUD/JPY
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
Latest news
Risk on: Dow Jones passed 25000
A great chance to make profit on stocks! Investors are inspired by economic reopening and optimistic vaccine news.
AT&T: a dark horse of a subscription world
On May 27, the longtime cable TV provider AT&T will launch HBO Max – a new streaming platform. How will it affect the price of AT&T?
Downside target for USD/CAD
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
Deposit with your local payment systems
