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: the loonie plans the reversal
SELL 1.353 SL 1.3585 TP1 1.3425 TP2 1.33 TP3 1.3205
On the daily chart of USD/CAD, bulls managed to reach the 127.2% and 88.6% targets of the AB=CD and "Bat" patterns. As a result, the risks of the reversal increased. If the pair does not go higher than the convergence zone and does not manage to break the resistance at 1.36, it will likely fall down.
On H1, the "Spike and Ledge" pattern was implemented. If the uptrend line is broken, bears will pull the pair towards the 1.3425 and 1.33 levels.
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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