NZDUSD broke out of its major support at 0.6585 where it could potentially fall further to its support at 0.6465 (61.8% Fibonacci extension, horizontal swing low support).
Ichimoku cloud shows signs of bearish pressure.
USDCAD is approaching its support at 1.3387 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.3487 (78.6% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 2.04% where a corresponding bounce could occur.
ZXY broke out of its major support at 6.9589 where it could potentially fall further to its support at 6.9185 (horizontal swing low support).
Ichimoku cloud shows signs of bearish pressure.
AUDUSD is approaching its resistance at 0.7057 (61.8% & 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it is could reverse down to its support at 0.7013 (50% Fibonacci retracement, Horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 94% where a corresponding reversal is expected.
USDCHF is approaching its support at 1.0110 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.0170 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 5.5% where a corresponding bounce could occur.
EURJPY is approaching its resistance at 124.25 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 123.59 (Horizontal swing low support).
Ichimoku cloud shows signs of bearish pressure.
AUDUSD broke out of its major support at 0.6999 where it could potentially fall further to its support at 0.6937 (100% & 61.8% Fibonacci retracement).
Ichimoku cloud shows signs of bearish pressure.
CXY broke out of its major support at 6.9681 where it could potentially fall further to its support at 6.9491 (50% Fibonacci retracement, horizontal overlap support).
AUDCAD is approaching its support at 0.9387 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.9466 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 5.6% where a corresponding bounce could occur.
EURUSD broke out of its major support at 1.1177 where it could potentially fall further to its support at 1.1117 (100% Fibonacci extension, horizontal swing low support).
AUDUSD broke out of its major support at 0.7002 where it could potentially fall further to its support at 0.6934 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support).
GBPUSD is approaching its support at 1.2981 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.3076 (horizontal swing high).
Stochastic (55, 5, 3) is approaching its support at 5.6% where a corresponding bounce could occur.
GBPJPY reversed off its resistance at 145.73 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is could drop further to its support at 145.01 (38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) reversed off its resistance at 96% where a corresponding drop could occur.
The Canadian dollar strengthened Tuesday, buoyed by advancing oil prices, a weakening dollar and comments from Bank of Canada’s Governor Poloz.
From a technical standpoint, the USD/CAD’s H4 candles settled a few points sub 1.34, though connected with a trend line resistance-turned support etched from the high 1.3443 and a 161.8% ABCD (black arrows) bullish...
USDCAD bounced nicely off its support at 1.3441 (161.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.3514 (horizontal swing high resistance).
Stochastic (89, 5, 3) is bounced off near its support at 5.2% where a corresponding rise could occur.
EURUSD reversed off its resistance at 1.1192 (61.8% Fibonacci extension, 38.2% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it is could drop further to its support at 1.1149 (horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 96% where a corresponding drop could occur.
