USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
USD/SGD turned down
SELL 1.3490; TP1 1.3440; TP2 1.3350; SL 1.3510
USD/SGD formed the top at 1.3870 in October. The pair closed below 50-month MA in December and below 100-week MA (1.3600) last week.
On D1, the pair passed down through the 200-day MA (1.3593), which will now play the role of resistance. Yesterday USD/SGD closed below 38.2% Fibo at 1.3540. A new wave of selling will start once the pair is below 1.3490. Be ready to act on it!
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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