USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
USD/CHF: the USD is strong
Recommendation: BUY 0.998 SL 0.9925 TP1 1.008 TP2 1.013 TP3 1.0225
On a daily chart of USD/CHF a break of the resistance at 0.9985 let bulls continue to move up towards the 113% and 127.2% targets of the “Shark” and AB=CD patterns. They comply with the 1.0130 and 1.0225 levels. The previous resistance acts as the main support for now.
On H1, the price is moving within the upward channel. Bulls are controlling the situation. Buy USD/CHF after the bounce from the key support levels at 1.0025, 0.9980 and 0.9950.
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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