USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
USD/ZAR can test lower levels
SELL 13.92; TP 13.8050; SL 13.95
USD/ZAR met resistance at the line connecting September and October highs and turned down. The pair is currently testing levels below the 200-day MA (13.93) and the 38.2% Fibo retracement of February advance (13.94). The short-term downside target lies at 13.8050 (50% Fibo).
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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