Hello traders,
let’s see what Friday has for us
1. USD/CAD
Currently sellers are battling it out with the buyers. The key support zone is something to watch out for.
Resistance level 1.32063 has rejected price for the third time in almost two months. If the bears breaks the current zone, then price may most likely fall on the next possible support level (1.29610)
If the bears fail to break the current support zone, then we may see price head back to the previous resistance level (1.32063)
2. EUR/CHF
The key support zone was partially broken at the close of the 2 pm candlestick on the 4 hour time frame, but we would need an extra confirmation before joining the bears.
If the daily time frame supports our bearish bias, then we may most likely ride the breakout to the next possible support zone
What say you
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