Hello Traders,
It’s midweek already.
Let’s see what the charts have for us.
1. NZD/USD
NZD/USD on the daily chart is presently close to a key support level (0.65903)
We may be seeing a major or minor resistance on the next support level (0.65903). It would be advisable to ensure proper confirmation before taking this trade.
A breakout may most likely send price to the next possible support level (0.64988), and a reversal may send price back to a former support level (0.66722).
2. CAD/JPY
CAD/JPY is currently resting on a key support level (83.094).
A breakout from the present support level may most likely take price to the next possible support level (82.441).
A reversal at the present level may also encourage the bulls to take price to resistance level 83.493.
Both setups are yummy.
If we are patient enough, both setups could be quite rewarding.
Alright, we are done for the day. Wishing you all a pip-full day ahead.
