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 1.3664, resistance at 1.3977.

Weekly support at 1.3705, resistance at 1.3850.

Daily support at 1.3705, resistance at 1.3808.

Price advanced and tested the 1.3850 weekly resistance level last week. Will price hold the uptrend and find support at the 1.3705 weekly support level this week?

USDCHF Daily chart:

Monthly support at 0.9084, resistance at 0.9360.

Weekly support at 0.9059, resistance at 0.9408.

Daily support at 0.9085, resistance at 0.9285.

Price declined down from the 0.9408 weekly resistance level last week. Will price hold at the 0.9084-59 monthly/weekly support level and reverse back up the range this week?

USDJPY Daily chart:

Monthly support at 127.21, resistance at 135.16.

Weekly support at 130.40, resistance at 133.62.

Daily support at 132.89, resistance at 135.36.

Price closed back below the 135.16 monthly resistance level last week. Will price decline down to the 130.40 weekly support level this week?

EURGBP Daily chart:

Monthly support at 0.8721, resistance at 0.9230.

Weekly support at 0.8722, resistance at 0.8897.

Daily support at 0.8754, resistance at 0.8925.

Price declined down from the 0.8897 weekly resistance level last week. Will price decline down to the 0.8754 daily support level and find support for a move back up the range this week?

NZDJPY Daily chart:

Monthly support at 80.57, resistance at 87.33.

Weekly support at 82.31 and 81.03, resistance at 84.91.

Daily support at 82.31, resistance at 83.53.

Price declined back down the range last week. Will price retest the 81.03 weekly support level this week?

NZDUSD Daily chart:

Monthly support at 0.5512, resistance at 0.6527.

Weekly support at 0.6191 and 0.6047, resistance at 0.6513.

Daily support at 0.6131, resistance at 0.6270.

Price continued to decline last week. Will price hold the downtrend and fail at the 0.6270 daily resistance level this week?

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