Weekly Market Analysis: USD/CAD & NZD/USD

Hello Traders,

let’s hitr them charts:

 

1. USD/CAD:

Last week we saw price break below the previous support zone which took sellers over a week to do so

The bearish marubozu printed last week Thursday and doji candlestick afterwards suggests that this week we are most likely going to see price drop another 200 pips plus to NPSZ

 

2. NZD/USD

On the weekly timeframe, price bounced at a key support zone last month.

Price revisited the support zone this month before bouncing off and forming higher lows. Last week the buyers broke a previous range, and this week we are most likely going to see buyers continue their journey to NPRZ

What say you?

 

 

 

 

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