It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
USD/CAD: loonie made a trap
TP1 1.311 TP2 1.291 TP3 1.2805
On the daily chart, USD/CAD keeps fighting for 1.3055. If bulls win, the pair will likely go towards the lower border of the uptrend channel. On the contrary, if bears win, the pair will form a “Bat” pattern.
On H1, bulls are trying to trigger the “Shark” pattern. If USD/CAD reaches its 113%, it will be possible to distinguish the convergence area with the entry point for a sell trade.
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.
The New Zealand dollar seems to be tipping out against the USD. Will that be another full cascade downwards?
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The Canadian dollar broke out through the 1.40 psychological mark. What’s the reason?
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