USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
USD/MXN came in motion
SELL 18.98; TP 19.90; SL 19.00
USD/MXN fell for three days in a row, dived below 50-day MA (19.15) and closed yesterday below the support line going through 2018 lows (19.04). The Mexican peso is supported by the rising oil prices, while the USD weakened ahead of the Fed’s meeting. If the pair slides below 19.00, the next level to watch on the downside will be 18.90 (100-week MA) ahead of 18.75. To recover to 19.15, USD/MZN needs to return above 19.07.
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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