Hello Traders,
After the high impact news today on the Euro, many pairs had a reset and some great setups popped up. Let’s check them out
1. USD/CAD
On the daily time frame of the USD/CAD, we can see price broke the 1.26427 resistance level.
This Friday the bulls may finish the work they started today by taking price to the next possible resistance level (1.27939).
My suggestion will be to go on a lower time frame and find a good entry position in order to maximize your risk to reward.
2. EUR/USD
EUR/USD finally broke support level 1.06410 after weeks of ranging.
There is a possibility that price may hit support level 1.04719 before the close of market tomorrow.
3. NZD/USD
Another breakout can be seen on the NZD/USD.
We may not see price go all the way down to support level 0.62238 since we are looking at the daily time frame here, but we could still make some pips by targeting support level 0.63388 as the next bus stop for buyers
Remember another high impact news on the USD is scheduled for tomorrow by 1.30 pm, so it’s advisable you exit any USD pair before that time.
I wish us a fab weekend.
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