Forex Analysis - USDCAD, USDCHF, USDJPY, EURGBP, NZDJPY, and NZDUSD

Overview:

Watch the video for the key trading levels for the week ahead for USDCAD, USDCHF, USDJPY, EURGBP, NZDJPY, and NZDUSD.

USDCAD Daily chart:

Monthly support at 1.3262, resistance at 1.3664.

Weekly support at 1.3301, resistance at 1.3705.

Daily support at 1.3301, resistance at 1.3406.

Price declined towards the 1.3301 weekly support level last week. Will price hold at the 1.3301 weekly support level and move back up the range this week?

USDCHF Daily chart:

Monthly support at 0.8757, resistance at 0.8926.

Weekly support at 0.8871, resistance at 0.8926.

Daily support at 0.8859, resistance at 0.9002.

Price closed back below the 0.8926 monthly support level last week. Will price hold the downtrend and move below the 0.8871 weekly support level this week?

USDJPY Daily chart:

Monthly support at 127.21, resistance at 135.16.

Weekly support at 133.62, resistance at 137.90.

Daily support at 133.49, resistance at 135.12.

Price declined back below the 135.16 monthly resistance level last week. Will price hold the uptrend and move back above the 135.16 monthly resistance level this week?

EURGBP Daily chart:

Monthly support at 0.8721, resistance at 0.8979.

Weekly support at 0.8722-18, resistance at 0.8875.

Daily support at 0.8718, resistance at 0.8754.

Price declined and closed below the 0.8754 daily support level last week. Will price hold or move below the 0.8722-18 weekly/monthly support area this week.

NZDJPY Daily chart:

Monthly support at 80.57, resistance at 87.33.

Weekly support at 85.20 and 84.91, resistance at 87.33.

Daily support at 85.40, resistance at 86.72.

Price advanced and tested the 85.20 weekly resistance level last week. Will price advance and hold above the 85.40 daily support level this week?

NZDUSD Daily chart:

Monthly support at 0.5512, resistance at 0.6527.

Weekly support at 0.6110, resistance at 0.6379.

Daily support at 0.6314, resistance at 0.6365.

Price advanced back up the range last week. Will price test the 0.6379 weekly resistance level this week?

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