It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
USD/CAD: there are uncertainties
BUY 1.317 SL 1.3115 TP1 1.327 TP2 1.3315 TP3 1.35
SELL 1.305 SL 1.3105 TP1 1.295 TP2 1.2915 TP3 1.289
On the daily chart of USD/CAD, bulls and bears are fighting for the upper boundary of the downward channel. Bulls are trying to pull the pair to the 113% target of the "Shark" pattern. Bears hope for a pullback within the transformation of the "Shark" pattern to 5-0.
In H1, the "Spike and ledge" pattern has been forming. If the pair leaves the 1.305-1.317 consolidation, chances that the pair will reach 113% targets of the junior and senior "Shark" patterns will increase.
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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