USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
NZD/USD: the kiwi is going into the abyss
TP1 0.6725 TP2 0.664
On the daily chart of NZD/USD, the pair is moving within the downward channel and the AB=CD pattern with the 200% target is implementing. Bears control the pair. The closest important resistance levels are near 0.6825 and 0.6895.
On H1, the “Three Indians” pattern was implemented while the correction. Now the new “Three Indians” pattern is forming. A rebound from the resistance at 0.681-0.6825 should be used to sell.
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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