Weekly Market Analysis: USD/CAD & NZD/USD

Hello traders,

let’s hit them charts:

1. USD/CAD

Last week we saw a huge drop on the USD/CAD

Price is currently resting on key support zone. This week I will be waiting to see how Monday’s daily candlestick closes before deciding on whether to join the sellers after the breakout, or join buyers after a rejection

2. NZD/USD

The last time price broke above the current resistance zone was November of 2022

Even if we get a breakout this week, it most likely will not happen without a minor or major rejection. So this week, I may look for 50-80 pullback trading opportunity as the market opens

What say you?

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