USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
USD/CHF: the franc is trying to recover
TP1 0.9795 TP2 0.9745 TP3 0.9695
On the daily chart of USD/CHF, the fast attack let bulls implement the 88.6% target of the “Shark” pattern. It increases risks of the pullback to 23.6%, 38.2% and 50% of the CD wave within the transformation of the “Shark” pattern into the 5-0 pattern.
On H1, the “Broadening wedge” pattern keeps forming. A break of the support at 0.99 will let bears reach the 5 point. After that, we can anticipate either a straight downward movement or the downward movement after a small correction.
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?
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