Weekly Market Analysis: NZD/USD & CAD/JPY

Hello Traders,

Welcome to the second half of the year. Let’s hit them charts and see what pairs to trade in the new month

1. NZD/USD

NZD/USD closed at a key support zone last week, and should be a good pair to buy, but I will wait to see how Monday’s candlestick closes before I decide on what to do

A break below the key support zone and price may most likely hit 0.59908. That said, if I do get a second rejection, after Monday’s candlestick close, then I may join buyers to 1st PRZ

2. CAD/JPY

Last week Friday, price broke the 117.303 resistance level, which has held price for 2 months

This week we are most likely going to see more buyers come into the scene, and push price further up by 300 pips plus

What say you?

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