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 1.3262, resistance at 1.3705.

Daily support at 1.3441, resistance at 1.3475.

Price declined down from the 1.3705 weekly resistance level last week. Will price hold below the 1.3475 daily resistance level and continue to decline 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 0.9137 and 0.9118, resistance at 0.9223.

Price declined back down to the 0.9137 daily support level last week. Will price hold at the 0.9137 - 0.9084 daily/monthly support area and trade 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 130.53, resistance at 132.99.

Price advanced from the 130.41 weekly support level last week. Will price retest and move above the 133.62 weekly resistance 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 0.8865.

Price continued to consolidate last week. Will price retest the 0.8754 daily support level and reverse 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 rallied back above the 82.31 weekly resistance level last week. Will price hold at the 83.53 daily resistance level and decline back down the range this week?

NZDUSD Daily chart:

Monthly support at 0.5512, resistance at 0.6527.

Weekly support at 0.6191, resistance at 0.6468.

Daily support at 0.6180, resistance at 0.6275 and 0.6294.

Price advanced and retested the 0.6275 daily resistance level last week. Will price hold the uptrend and move above the 0.6275-94 daily resistance area this week?

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