USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
USD/JPY: dollar falling to negative zone
Technical levels: support – 109.20, 108.80; resistance – 109.75.
- Sell — 109.75; SL — 109.95; TP1 — 109.20; TP2 — 108.80.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; the market returned to negative zone and may change the main trend soon.
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.
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