USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
USD/JPY: the Bulls can’t maintain uptrend
Technical levels: support – 112.40/50; resistance – 113.00.
- Sell — 112.70/80; SL — 113.00; TP1 — 112.00; TP2 — 111.50.
Reason: narrow bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is still on SSB’s support and can’t exit to positive area.
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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