USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
USD/CHF: the franc is gaining strength
SELL 1.0045 SL 1.01 TP1 0.9945 TP2 0.99 TP3 0.983
On the daily chart of USD/CHF, there is a transformation of the "Shark" pattern into 5-0. The pair needs to break the parity level and update the November's maximum to continue rising towards the targets of "Wolfe Waves" and AB=CD patterns.
On H1, the implementation of the "Spike and Ledge" and "Broadening Wedge" patterns continues. The rebound from the 1.002 and 1.0045 resistances (50% and 61.8% from the 4-5 wave) can be used to open short positions.
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.
There has been some movement in the EUR/USD chart. What's happening?
There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
The US-China relations are getting more tensed over Hong-Kong. How does that affect the USD?