USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
USD/JPY: dollar corrected to SSA’s support
Technical levels: support – 112.10; resistance – 113.00.
- Buy — 112.10; SL — 111.90; TP1 — 112.90; TP2 — 113.50.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; a market reached SSA’s support and may bounce to last highs.
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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