Good day great traders
Another Wednesday presents itself with some good setups.
Lets jump right into our charts
1. CAD/JPY
CAD/JPY is currently on an ascending support level (84.275). If a buy is confirmed, we may see price get back to level 85.723.
If the current candlestick breaks out of the support level, we will definitely see price spiraling down to 83.600 as the first support level.
2. NZD/USD
NZD/USD on a daily chart is on a bearish run. It has finally encountered a support on the 4 hours time frame. I nurse a bearish bias on this pair and if a support breakout occurs at level 0.65448, price may most likely hit 0.64996.
3.EUR/CAD
EUR/CAD price just broke a legendary resistance level. Once a breakout has been confirmed, price is most likely to hit level 1.54047.
If the present candlestick closes as a bearish pin-bar, we may see price hit level 1.51004.
In all of these setups, a confirmation is key before trading them.
Hope the analysis has been of great assistance
