USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
USD/JPY: dollar making new highs
Technical levels: support – 110.50; resistance – 111.10, 111.60.
- Buy — 110.50; SL — 110.30; TP1 — 111.10; TP2 — 111.60.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a strong golden cross of Tenkan-sen and Kijun-sen with rising lines; the market is made a new highs but overbought now.
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.
The US-China relations are getting more tensed over Hong-Kong. How does that affect the USD?
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