Hello traders,
let’s hit the charts:
1. USD/CAD
A clean breakout can be seen on the USD/CAD.
The last time this key resistance zone got broken was March of 2020. This week we may see price continue bullish for another 500 pips till price hits the next possible resistance level (1.43412)
2. AUD/USD
AUD/USD is still strongly bearish.
This week we should be looking for sell opportunities and possibly ride price to the next possible support level (0.57720)
3. GBP/JPY
GBP/JPY is currently ranging.
If price does not break the range, we may see price revisit support level 161.067. If the range get’s broken this week, price may most likely hit resistance level 173.840
4. CAD/JPY
The key resistance zone is what we should watch out for this week.
A breakout would this week would mean us riding price to the next possible resistance level (110.050)
What say you?
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