USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
Sell USD/CAD on recoveries
SELL 1.3015 SL 1.3080 TP1 1.2915 TP2 1.2730 TP3 1.2675
SELL 1.3055 SL 1.3110 TP1 1.2955 TP2 1.2880 TP3 1.2730
On the daily chart, USD/CAD triggered a “Broadening wedge” pattern. Pullbacks towards 23.6%, 38.2%, and 50% of the wave 4-5 can be used for selling with 161.8% target of AB=CD.
On H1, USD/CAD triggered a “Broadening wedge”. Bears keep dominating at the market. Use pullbacks to 1.2865, 1.3015, and 1.3055 for selling.
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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