USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
USD/CHF: the franc is weak
TP1 1.0055 TP2 1.01 TP3 1.0130
On the daily chart of USD/CHF, there was a rebound to the 23.6% level from the CD wave of the junior “Shark” pattern within its transformation to the 5-0 pattern. After that, bulls managed to take initiative. To continue the rally to 88.6% and 113% targets of the senior “Shark” pattern, bulls need to break the resistance at 0.9955.
On H1, there is an implementation of the “Wolfe Waves” pattern. To continue the movement up, bulls need to break the resistance of the 2-4 line.
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 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?
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