USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
USD/JPY: the yen breaks the trend
SELL 112.6 SL 113.15 TP1 111.6 TP2 110.6 TP3 109.25
On the daily chart of USD/JPY, bears try to move the pair out of the triangle and lower border of the upward channel. If they manage to succeed, the implementation of the "Three Indians" and 1-2-3 patterns' combination will happen. It will help bears to count on the break of the bullish middle-term trend and to continue pulling the pair towards the 88.6% target of the "Shark" pattern.
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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