Forex Analysis – USDCAD, USDCHF, USDJPY, EURGBP, NZDJPY, and NZDUSD 1•8•23

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

00:00 Intro
00:09 USDCAD Forex Analysis
00:53 USDCHF Forex Analysis
01:34 USDJPY Forex Analysis
02:21 EURGBP Forex Analysis
03:06 NZDJPY Forex Analysis
03:51 NZDUSD Forex Analysis

USDCAD Daily Chart:
Monthly support at 1.2963, resistance at 1.3262.
Weekly support at 1.3092, resistance at 1.3223.
Daily support at 1.3147, resistance at 1.3243.
Price advanced and held at the 1.3223-62 weekly/monthly resistance area last week. Will price hold at the 1.3223-62 weekly/monthly resistance area and decline back down to the 1.3092 weekly support level this week?

USDCHF Daily Chart:
Monthly resistance at 0.8669 and 0.8757.
Weekly support at 0.8569, resistance at 0.8669.
Daily support at 0.8553, resistance at 0.8757.
Price advanced and tested the 0.8669 monthly resistance level last week. Will price hold at the 0.8699 – 0.8757 monthly resistance area and decline back down to the 0.8553 weekly support level this week?

USDJPY Daily Chart:
Monthly support at 135.16, resistance at 142.17.
Weekly support at 137.90, resistance at 145.06.
Daily support at 141.94, resistance at 143.98.
Price declined and then strongly reversed just ahead of the 137.90 weekly support level last week. Will price advance and test the 143.98 daily resistance level this week?

EURGBP Daily Chart:
Monthly support at 0.8547, resistance at 0.8721.
Weekly support at 0.8565, resistance at 0.8658.
Daily support at 0.8544, resistance at 0.8584.
Price declined and retested the 0.8565-47 weekly/monthly support area last week. Will price hold at the 0.8565-47 weekly/monthly support area and advance back towards the 0.8658 weekly resistance level this week?

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 87.97, resistance at 88.68.
Price declined and then strongly reversed at the 85.20 weekly support level last week. Will price advanced and move above the 88.68 daily resistance level this week?

NZDUSD Daily Chart:
Monthly support at 0.5985, resistance at 0.6527.
Weekly support at 0.6110, resistance at 0.6247.
Daily support at 0.6132, resistance at 0.6200.
Price declined down to the 0.6132 daily support level last week. Will price advance and move above the 0.6247 weekly resistance level this week?

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Tonight’s Session:
01 AUG
Forex Trading – Live Market Analysis
Tue, 7:00PM SYDNEY TIME
60 mins

During this webinar, Duncan Cooper will review 12 currency pairs, determine the key support and resistance trading levels for the week

Catch up with the latest news and market analysis here

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