USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
XAU/USD: gold is attacking
TP1 1222 TP2 1264 TP3 1285
On the daily chart, after XAU/USD reached 88.6% of the “Double top”, there was a natural pullback. Buyers found strength to trigger the “Crab” pattern and aim to continue the advance to 161.8% target. For now, gold has to settle above support at 1209.
On H1, XAU/USD keeps trying to reach 161.8% and 200% targets of “Crab” and AB=CD. To enter a long position, use the “Three touches” strategy.
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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