Hey traders,
let’s hit the charts:
1. USD/CAD
The USD/CAD is presently within a consolidation band. There is an intense battle between the buyers and sellers within the band.
If resistance level 1.26340 is broken, price may most likely head to the next possible resistance level (1.27048), and if support level 1.25898 is broken and we do get bearish confirmation, the next possible support level would be 1.25281
2. NZD/JPY
The NZD/JPY is more or less for swing traders.
Resistance level 77.722 is a resistance level to watch this week on the daily time frame. A bullish breakout may further encourage the buyers to pull price to the next possible resistance level.
A reversal may take price back to support level 76.193
What say you?
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