USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
USD/JPY: the USD is weak again
TP1 111.85 TP2 111.6 TP3 109.9
On the daily chart of USD/JPY, a break of the support at 112.85 and an exit from the upward channel may mean an implementation of reversal 1-2-3 and "Three Indians" patterns. At the same time, risks of an implementation of "Shark" and "Crab" patterns with 88.6% and 161.8% targets will increase.
On H1, if the pair reaches the 88.6% target of the "Shark" pattern, risks of the pullback and an implementation of "Three Indians" and "Broadening wedge" patters will increase. A test of the support at 112.85 will be important.
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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