USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
USD/CHF: a bearish flag
SELL at 0.9940; TP1 0.9885; TP2 0.9830; SL 0.9960
USD/CHF formed a bearish “flag”. It’s trading below the 50-day MA at 0.9937. MACD entered the negative area. The next downside target is at 0.9885 (100-day MA) ahead of 0.9825 (200-day MA).
On H4, the moving averages are aligned in the negative order. The daily pivot point lies ar 0.9955: bears will prevail until USD/CHF is below this point.
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.
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
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