Opportunistic Wednesday presents us with CAD/JPY & AUD/CAD

Good day traders,

It’s mid-week already, let’s see what the market has for us…

 

 

1. CAD/JPY

CAD/JPY’s weakness may most likely lead to another breakout of support level 79.085.

If the close of the 3 am candlestick authenticates the breakout, price next possible support level would be 78.676

 

 

2. AUD/CAD

After price on the AUD/CAD formed a consolidation within 0.93933 and 0.94079 for a little over a day, the 3 am candlestick is finally showing signs of a breakout. 

If the breakout is confirmed, price next possible resistance level would be 0.94550.

 

What say you?

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