USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
The decline in USD/ZAR is on
SELL 14.17; TP1 14.1285; TP2 13.98; SL 14.22
USD/ZAR has recently breached down the support line from February lows. It also declined below the 50-, 100- and 200-day MA. The latter is currently providing resistance at 14.2256. The newly established downtrend is well visible on H4. USD/ZAR broke below the triangle - it’s a sign that the negative dynamics will continue. The near-term target lies at 14.1285 (May low). The next target is at 13.98 (61.8% Fibo).
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.
Despite the uncertainties, MS sees some stocks continue beating their records. Check them out!
The British pound entered summer higher against USD and EUR. What’s the reason?
The USD/JPY is at the lower border of the 2-week channel. Will it be broken?