USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
USD/SGD contiues the downtrend
SELL 1.3490; TP 1.3440; SL 1.3505
USD/SGD was rejected last week by the 100-week MA and 200-day MA in the 1.3580 area but managed to close the week above 50-week MA (1.3525). The new week started with the price below this line. On D1, the downtrend continues, MAs are in the bearish position. Still, to sell we would like to see a break below the recent lows (1.35). The target will lie at 50% Fibo of the 2018 advance at 1.3440.
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 has been some movement in the EUR/USD chart. What's happening?
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?