Downside target for USD/CAD
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
USD/JPY: upside is limited
Information is not investment advice
On the H1, USD/JPY is recovering after the selloff that took place during the previous three days. The pair formed a higher low and may test resistance between 109.66 (38.2% Fibo, weekly MAs) and 109.78 (resistance line from January highs, 50% Fibo). However, concerns about the Chinese coronavirus will likely prevent the USD from getting over that resistance in the upcoming sessions, so we’ll consider the pair’s recovery as an opportunity to sell at higher levels.
Elizabeth Belugina
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Downside target for USD/CAD
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
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