Weekly Market Analysis: NZD/USD, GBP/CHF, GBP/CAD, CAD/JPY

Hello traders,

let’s hit them charts:

1. NZD/USD

I have been following NZD/USD since last week, and what I can see for this week is a breakout that has materialized.

This week we may see an over 200 pips drop

2. GBP/CHF

GBP/CHF has reached a key resistance zone, so this week we may see a reversal on the daily time frame.

If that happens, then NPSZ will most likely be our next bus stop

3. GBP/CAD

GBP/CAD should be watched closely. The key resistance zone is close by, and we may see a reversal this week (and that is all I will be interested in)

There is a huge possibility that price may fall over 150 pips

4. CAD/JPY

CAD/JPY closed last week by resting on a key support zone.

This week it is more likely we see a 50 to 60 pips move to NPRZ. However, if the key support zone gets broken during the week, then NPSZ will most likely be our next bus stop (which is about 80 to 90 pips)

What say you?

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