USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
NZD/USD: the kiwi faces the uncertainties
SELL 0.6840 SL 0.6895 TP1 0.6760 TP2 0.6695 TP3 0.6630,
BUY 0.6895 SL 0.6840 TP1 0.6970 TP2 0.6990 TP3 0.7050
On the daily chart of NZD/USD, the "Three Indians" pattern is implemented. Bears managed to move the pair out of the upward channel. They plan to break the support at 0.6750, activate the "Shark" pattern and reach its 88.6% target.
On H1, the pair moves down due to the combination of the "Three Indians" and "Spike and Ledge" patterns. If the bearish pressure continues, the pair may retest the lower border of the "ledge". Otherwise, if its upper border is broken, bulls will push the pair up.
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.
There has been some movement in the EUR/USD chart. What's happening?
There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
The US-China relations are getting more tensed over Hong-Kong. How does that affect the USD?