Forex Analysis - USDCAD, USDCHF, USDJPY, EURGBP, NZDJPY, and NZDUSD

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

ACY Securities | 583 days ago

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?

This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.

Forex Analysis - USDCAD, USDCHF, USDJPY, EURGBP, NZDJPY, and NZDUSD

Regulation: ASIC (Australia), VFSC (Vanuatu)

Tags: Analysis EURGBP NZDUSD USDJPY NZDJPY USDCHF USDCAD

Dow Jones Set New High on Earnings Optimism

The Dow Jones continues its upward momentum, reaching a new all-time high as the market enters the 3rd quarter earnings season. Strong performances from mega-cap banks

PU Prime | 16h 23min ago

USDJPY faces a pass or fail test

USDJPY extends consolidation around August’s bar. Technical signals weaken, cannot warrant a bullish trend reversal. US retail sales, jobless claims due on Thursday at 12:30 GMT

XM Group | 1 day ago

GBP Market Update Insights on Recent Movements and Key Influences

The British pound (GBP) has seen a mild pullback in October, following a period of robust appreciation throughout the summer months. Despite the recent retreat, the pound remains resilient, having shown significant strength against major currencies such as the US dollar (USD) and the euro (EUR) over the course of the year.

ACY Securities | 1 day ago

Wall Street Bullish as Market Confidence on Earnings Performance

Wall Street extended its gains, with the Dow Jones and S&P 500 both continuing to reach all-time highs as the U.S. equity market enters the Q3 earnings season.

PU Prime | 2 days ago

Will USDJPY Break Through 150 Level?

The Japanese yen (JPY) has recently experienced pronounced depreciation, a trend largely attributed to the sharp rise in U.S. Treasury yields following a robust U.S. jobs report released in early October.

ACY Securities | 3 days ago

Dollar Holds Firm, But Will the Strength Persist?

The Dollar Index remains volatile as mixed economic data sparks uncertainty around Federal Reserve policy. While stronger-than-expected CPI and job numbers initially boosted the dollar, a lower-than-anticipated PPI reading has led to speculation about a cautious Fed stance on rate cuts.

PU Prime | 3 days ago

Oil Prices Surge on Heightened Geopolitical Tension

Oil experienced heightened volatility in yesterday's session, with prices surging more than 3% as geopolitical risks escalated. The market reacted to reports that Israel plans to attack Iranian oil facilities, while the Houthis, a military rebel group, allegedly attacked an oil tanker in the Red Sea, raising concerns over potential disruptions to global oil supply.

PU Prime | 6 days ago

Analysis of the New Zealand Dollar's After a 50bp from RBNZ

In a surprising move, the RBNZ reduced its official cash rate (OCR) by 50 basis points, bringing it down to 4.75%. This cut was notably larger than the incremental adjustments seen in previous months, signalling a decisive shift in the central bank’s policy stance.

ACY Securities | 7 days ago

EURUSD	1.08316	GBPUSD	1.30118	AUDUSD	0.66973
USDJPY	150.188	USDCAD	1.37955	USDCHF	0.86605