USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
NZD/USD: the kiwi learns to fly
TP1 0.6875 TP2 0.6915 TP3 0.7015
On the daily chart of NZD/USD, if the pair goes out of the downward channel and breaks the resistance at 0.6855, the “Bat” pattern with the 88.6% target will be implemented. It corresponds to 0.702.
On H1, bulls get ready to break the resistance at 0.6825. If they succeed, bulls will pull the pair out of the downward channel and the “Shark” pattern with the 113% target will be implemented. When the pair reaches the target, there is a risk possibility of the pullback within 5-0 transformation.
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?