Hello traders,
how is your weekend going?
Hope great?
Let’s see what the market has for us this week.
1. USD/CAD
USD/CAD has reached resistance level 1.26387.
This means that we may most likely be seeing price stall the first few days of the week, or if the bulls or bears are well motivated, then resistance and support level 1.28882 and 1.24813 will be price next target
2. CAD/JPY
The bears on the CAD/JPY remained dominant before the market closed on Friday.
All we need this week is a bearish confirmation that 85.683 is price next bus stop
3. XAU/USD (GOLD)
Gold closed with a bearish outlook on the 4-hour time frame, but looking at the daily chart, we can see a pullback of price and support level 1812.35 may serve as a springboard for price next bullish move.
If our bias holds, then resistance level 1832.38 will most likely be our next resistance level, however, if the bears are still motivated as the market opens, we may see price go further down to support level 1795.08
What say you?
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