USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
NZD/USD: the kiwi is getting stronger
On the daily chart of NZD/USD, bears managed to pull the pair down due to the "Three Indians" pattern's implementation. They plan to update the December's minimum and reach the 88.6% target of the "Shark" pattern.
On H1, the implementation of the "Three Indians" and "Spike and Ledge" patterns' combination helped bears to reverse the previous downtrend. If the pair returns to the resistance at 0.6845, the "Fakeout-Shakeout" pattern will be implemented. This situation will create the background for the bullish tendency.
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.
Oil prices have been climbing up for a long time. What have stopped them?
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?