Hello Traders,
Let’s hit the charts
1. USD/CAD
The Bears just entered the USD/CAD market a few hours ago after price hit resistance level 1.34169
Having in mind that resistance level 1.34169 is a major level, the only support level that could stop the fall of USD/CAD will most likely be the 1.32886 – 1.32774 support zone
If that support zone fails, then we will have two other support levels that price may most likely test.
1st Support Level – 1.32066
2nd Support Level – 1.31355
2. AUD/JPY
AUD/JPY has been Bullish for the 3rd day now with a minor pull-back around the resistance zone.
What we should be paying attention to right now would be price breaking the current resistance zone, and if that happens, we could be looking at price moving up to the next possible resistance level (76.408).
What are your thoughts?
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