Happy Sunday Traders,
Let’s hit the charts ladies and gents.
1. USD/CAD
The last two days of the USD/CAD was heavily bearish.
Just before the market closed for the weekend, the bears encountered a key support level (1.21115) which was last hit on the 3rd of September 2017 before bouncing.
This week we may most likely see price bounce between 1.21115 and 1.22729
2. GBP/USD
GBP/USD reached a critical resistance level (1.40028) on Friday.
1.40028 has been visited by price about six times in the past two months and there is a possibility that we may see 1.40028 weaken this week, which means price may hit 1.40686 which is the next possible resistance level
However, there is a slight possibility of price also reversing and revisiting support level 1.39162. So let’s be on the lookout.
3. NZD/JPY
In the last 2 months plus, price has visited resistance level 79.060 four times.
Last week price continuously bounced off the top of a narrowing ascending channel which also means that there is a gathering of buyers and their major interest is breaking the 79.060 resistance level
If that happens, price next possible resistance level would be 79.598
What say you?
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