Hello traders,
let’s see what the market has for us this week.
1. USD/CAD
USD/CAD closed with a strong bullish breakout from a previous resistance zone.
In the first few days of this week, we may see a slight consolidation between 1.27816 and 1.27300.
Personally, I will be looking at how price reacts to resistance level 1.27816. If we do get a breakout, then price next resistance level would be 1.29082
2. NZD/USD
Last week the NZD/USD started a bearish run, this week if the bears are still motivated, we may most likely see support level 0.69428 get hit.
3. GBP/JPY
On the daily time frame of the GBP/JPY, we can see that last week, price closed with a strong bearish pin-bar.
Meaning, we may most likely see price continue its downward movement to the next possible support level (149.578)
4. XAU/USD (GOLD)
Gold is currently resting on a key support zone. A bearish breakout means we may see Gold further fall to the next possible support level (1685.36)
On the other hand, price could reverse at the current support zone and start another journey back up to resistance level 1831.80
What say you?
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