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
01:01 USDCHF Forex Analysis
01:42 USDJPY Forex Analysis
02:11 EURGBP Forex Analysis
03:04 NZDJPY Forex Analysis
03:51 NZDUSD Forex Analysis
If you would like to follow Duncan’s forex trading analysis throughout the week, why not subscribe to the ACY Securities Live Interactive Trading Feed – Telegram Channel?
Simply contact nathan.bray@acy.com to get access.
Overview:
USDCAD Daily Chart:
Monthly support at 1.2963, resistance at 1.3262.
Weekly support at 1.3078, resistance at 1.3223.
Daily support at 1.3116, resistance at 1.3243.
Price advanced and retested the 1.3223 weekly resistance level last week. Will price hold at 1.3223 weekly resistance level and decline back down to the 1.3116 daily 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 0.8669.
Price held at the 0.8569 weekly support level and advanced last week. Will price hold at the 0.8699 – 0.8757 monthly resistance area and decline 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 140.44, resistance at 142.24.
Price held at the 137.90 weekly support level and advanced last week. Will price advance and move above the 142.17 monthly 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 0.8584, resistance at 0.8636.
Price advanced and held at the 0.8658 weekly resistance level last week. Will price advance and target the 0.8721 monthly 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 86.85, resistance at 88.68.
Price declined and held at the 87.30 weekly support level last week. Will price advanced and move above the 88.16 monthly resistance level this week?
NZDUSD Daily Chart:
Monthly support at 0.5512, resistance at 0.6527.
Weekly support at 0.6050, resistance at 0.6247 and 0.6379-84.
Daily support at 0.6200, resistance at 0.6247.
Price declined last week. Will price hold at the 0.6200 daily support level and advance back above the 0.6247 weekly resistance level this week?
Register for Duncan’s free webinars here:
https://acy.com.au/en/education/webinars
Tonight’s Session:
25 JUL
Forex Trading – Live Market Analysis
Tue, 7:00PM SYDNEY TIME
During this webinar, Duncan Cooper will review 12 currency pairs, determine the key support and resistance trading levels for the week ahead, discuss his favourite risk to reward trading opportunities, and answer your trading questions.
Catch up with the latest news and market analysis here https://acy.com/en/market-news
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