Last week NZD/USD made a significant thrust to the downside.
USD/CAD: loonies breaks the trend
Recommendation: SELL 1,3185 SL 1,324 TP1 1,3 TP2 1,2875.
On the USD/CAD daily chart, the realization of the Wolfe Waves pattern continues. Its target is located near the 1.3 mark. The Bears' attempt to push quotes beyond the long-term upward trading channel has failed. The repeated attempt may lead to the breakout of the bullish trend and implementation of the target 113% of the Shark pattern (1.2875).
On the USD/CAD hourly chart, the Bulls built bastions near 1.3225 and 1.3185. A successful test of these levels will probably result in a further drop of quotes.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…