Opportunistic Wednesday presents us with GBP/USD & USD/CAD

Hello Traders,

Let’s hit the charts…

 

 

1. GBP/USD

GBP/USD still has a bullish outlook, and personally, I will be looking at price breaking the 1.39504 resistance level before engaging

If the 1.39504 breaks, our next resistance level will most likely be 1.41401

 

 

2. USD/CAD

The USD/CAD is locked within a descending channel.

Resistance level 1.27109 is currently serving as a strong psychological level for most buyers and sellers.

A breakout will encourage more buyers to push price to 1.27624 resistance level, and a reversal may most likely mean support level 1.26125 will most likely be revisited.

 

What say you?

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