Let’s go Tuesday presents us with CAD/CHF & USD/CAD

Hello Ladies and Gents,

The trading week has officially begun.

Let’s hit the charts and see what the market has for us.

 

 

1. CAD/CHF

CAD/CHF is looking hot and ready to give a few patient traders some dough.

Price is hitting a key support level (0.73453) on the daily chart for the fourth time.

Waiting for a bullish reversal confirmation is very important. If that happens, we most likely will see price hit price level 0.74850 as the next possible resistance level.

If a bearish breakout is confirmed, there is a huge possibility that the next possible support level would be 0.72009.

 

 

2. USD/CAD

The USD/CAD on the daily chart has been pussyfooting between the 1.32430 and 1.31825 level.

That said, there is a possibility that price could be closing with a bearish pin bar as seen presently.

If it does, we could be looking at price heading to the next possible support level (1.30251)

 

NOTE: Patience pays, don’t be in a rush to take any trade until your system confirms it

 

We are done for the day guys

Join us again tomorrow for another market update. 

Stay pip-worthy fam

 

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