Tuesday market analysis: NZD/USD & CAD/JPY

Happy Valentine’s day in advance,

Before the valentine fever catches up with me, let me share my setups for the 14th of February:

1. NZD/USD

Price spent the entire last week forming a consolidation at a key support level

If Monday’s candlestick closes as a bullish engulfing candlestick, then price may most likely hit NPRZ before the close of the week.

2. CAD/JPY

CAD/JPY was dissected in our weekly market analysis

All we were looking out for was the breakout of the key resistance zone which we are currently seeing. If price on the daily time frame closes above the KRZ, then we shall join the buyers to the NPRZ

What say you?

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