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 1.2963, resistance at 1.3262.

Weekly support at 1.3078, resistance at 1.3223.

Daily support at 1.3202, resistance at 1.3285.

Price declined and closed below the 1.3262-23 monthly/weekly support area last week. Will price hold the decline and test the 1.0378 weekly support level this week?

USDCAD daily chart on ACY MT4

USDCHF Daily chart:

Monthly resistance at 0.8669 and 0.8757.

Weekly support at 0.8569, resistance at 0.8669.

Daily support at 0.8569, resistance at 0.8669.

Price declined, broke below the 0.8669 monthly support level, and tested the 0.8569 weekly support level last week. Will price decline and move below the 0.8569 weekly support level this week?

USDCHF daily chart on ACY MT4

USDJPY Daily chart:

Monthly support at 135.16, resistance at 142.17.

Weekly support at 137.90, resistance at 145.06.

Daily support at 137.76, resistance at 138.75.

Price declined down to the 137.90 weekly support level last week. Will price hold at the 137.90 weekly support level and move back up the range this week?

USDJPY daily chart on ACY MT4

EURGBP Daily chart:

Monthly support at 0.8547, resistance at 0.8721.

Weekly support at 0.8565, resistance at 0.8658.

Daily support at 0.8518, resistance at 0.8636.

Price advanced and closed above the 0.8565 weekly resistance level last week. Will price advance and target the 0.8658 weekly resistance level this week?

EURGBP daily chart on ACY MT4

NZDJPY Daily chart:

Monthly support at 87.33, resistance at 88.16 and 89.68.

Weekly support at 87.30, resistance at 88.16.                                                                      

Daily support at 87.59, resistance at 88.55.

Price advanced and closed back above the 88.16 monthly resistance level last week. Will price hold at the 87.95 daily support level and continue to advance this week?

NZDJPY daily chart on ACY MT4

NZDUSD Daily chart:

Monthly support at 0.5512, resistance at 0.6527.

Weekly support at 0.6247, resistance at 0.6379-84.

Daily support at 0.6305, resistance at 0.6411.

Price advanced and tested the 0.6379-84 weekly resistance area last week. Will price hold at the 0.6305 daily support level and retest the 0.6379-84 weekly resistance area this week?

NZDUSD daily chart on ACY MT4

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