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 1.3314-01, resistance at 1.3667.

Daily support at 1.3404, resistance at 1.3567.

Price declined down to the 1.3404 daily support level last week. Will price hold at the 1.3404 daily support level and move back up the range this week?

USDCHF Daily chart:

Monthly support at 0.8926, resistance at 0.9084.

Weekly support at 0.8871, resistance at 0.9059-71.

Daily support at 0.9002, resistance at 0.9062.

Price advanced and retested the 0.9084 monthly resistance level last week. Will price hold the advance and move above the 0.9059-84 weekly/monthly resistance area this week?

USDJPY Daily chart:

Monthly support at 135.16, resistance at 141.53.

Weekly support at 139.38, resistance at 145.89.

Daily support at 138.74, resistance at 139.89.

Price declined and held above the 139.38 weekly support level last week. Will price hold the advance and test the 141.53 monthly resistance level this week?

EURGBP Daily chart:

Monthly support at 0.8547, resistance at 0.8721.

Weekly support at 0.8565, resistance at 0.8718-22.

Daily support at 0.8572, resistance at 0.8649.

Priced declined and tested the 0.8565 weekly support level last week. Will price rally back to the 0.8649 daily resistance level this week?

NZDJPY Daily chart:

Monthly support at 80.57, resistance at 87.33.

Weekly support at 83.86, resistance at 84.91 and 85.20.

Daily support at 83.72, resistance at 85.33.

Price declined and found support at the 83.86 weekly support level last week. Will price hold at the 84.91 - 85.20 weekly resistance area and decline this week?

NZDUSD Daily chart:

Monthly support at 0.5512, resistance at 0.6527.

Weekly support at 0.6047, resistance at 0.6084 and 0.6110.

Daily support at 0.6024, resistance at 0.6084.

Price rallied and tested the 0.6084 - 0.6110 weekly resistance area last week. Will price hold at the 0.6084 - 0.6110 weekly resistance area and decline below the 0.6024 weekly support level this week?

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