Hello Traders,
Let’s hit the charts:
1. USD/CAD
Price on the USD/CAD has continued to form a consolidation between 1.27383 and 1.25857 since the beginning of the month of March.
This week we have seen price form a series of lower highs and lower lows, only to be held by the strong area of support.
If support level 1.25857 gets broken, we may most likely see price hit support level 1.24761
2. GBP/USD
GBP/USD was bullish today, but how the daily candlestick closes today will be a huge determining factor of what we are to expect on Wednesday.
If price breaks resistance level 1.39125, for the better part of the London session, we may see price hit resistance level 1.39872.
If price also reverses and breaks support level 1.37826, the bears may take price below support level 1.35669
What say you?
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