AUD, CAD, & NZD

January 25 2022

D1 AUDUSD

Despite Better AUD data this morning, downside pressure looks likely to prevail.

Support is found at 0.7100/0.7090, which if broken will see further weakness to 0.7040. Resistance is found at 0.7180 and again at 0.7220/30.

D1 USDCAD

The USD finally cracked resistance at 1.2570/80, and as always seems to be the case recently with the USDCAD it slightly overshot its target at 1.2660 to hit 1.2690 .

Corrective dips have been limited to 1.2630 and while this area holds expect more attempts to break up targeting 1.2700/20.

A break below 1.2630/20 would see a test of 1.2570 support.

D1 NZDUSD

The Kiwi is finding some support on the dips to 0.6670, however unless the NZD can break back above 0.6740 further downside pressure will emerge.

Trade Forex, Crypto, Precious and Industrial Metals and much more at http://www.8dcglobal.com

Published by Neil Callard

Forex Trader and Educator. 30 years trading experience, of which 20 years was market making in major currencies in large international financial institutions.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: