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.
USD/CAD: bulls are in control
BUY 1.3065 SL 1.301 TP1 1.3165 TP2 1.3265 TP3 1.33
On the daily chart, USD/CAD almost reached convergence area of 1.3275-1.33 (200% and 127.2% targets of junior and senior AB=CD). When they reach this area, the risks of a pullback will increase. Until that moment, any corrections may be used for buying as bulls are in control.
On H1, a pullback of USD/CAD to support at 1.3050-1.3065 will the following bounce may be used for buying.
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
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