USDCAD bounced nicely off its support at 1.3441 (161.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.3514 (horizontal swing high resistance).
Stochastic (89, 5, 3) is bounced off near its support at 5.2% where a corresponding rise could occur.
EURUSD reversed off its resistance at 1.1192 (61.8% Fibonacci extension, 38.2% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it is could drop further to its support at 1.1149 (horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 96% where a corresponding drop could occur.
CADCHF is approaching its support at 0.7539 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 0.7483 (100% Fibonacci extension).
Stochastic (89, 5, 3) is approaching its support at 2.5% where a corresponding bounce could occur.
NZDUSD is approaching its resistance at 0.6719 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 0.6639 (61.8% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
EURCAD is approaching its support at 1.4967 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.5043 (50% Fibonacci retracement, horizontal swing high).
Stochastic (55, 5, 3) is approaching its support at 3.5% where a corresponding bounce could occur.
NZDJPY is approaching its resistance at 74.80 (100% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 74.24 (50% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.
EURNZD is approaching its support at 1.6618 (100 Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.6783 (50% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its support at 3.2% where a corresponding bounce could occur.
EURUSD broke out of its support-turned-resistance line at 1.1162 (61.8% Fibonacci extension) where it could potentially drop further to its next support at 1.1111 (61.8% Fibonacci extension).
Ichimoku cloud shows signs of bearish pressure.
AUDUSD is testing its support at 0.7008 where if broken, could cause price to fall further to its next support at 0.6952 (61.8% Fibonacci retracement)
Stochastic is approaching its support and ichimoku cloud shows signs of more bearish pressure,
GBPUSD is approaching its resistance at 1.2922 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 1.2859 (100% Fibonacci extension).
Ichimoku cloud shows downward pressure.
CADJPY is approaching its support at 82.67 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 83.49 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 2.27% where a corresponding bounce could occur.
EURJPY bounced nicely off its support at 124.83 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 125.57 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is bounced off its support at 2.4% where a corresponding rise could occur.
NZDUSD is approaching its support at 0.6584 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.6664 (23.6% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 3.1% where a corresponding bounce could occur.
AUDCHF bounced nicely off its support at 0.7147 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7193 (38.2% Fibonacci retracement).
Stochastic (55, 5, 3) is bounced off its support at 4.29% where a corresponding rise could occur.
USD/CAD:
Wednesday saw the Bank of Canada hold rates steady at 1.75%, as expected. The central bank dropped its 'hiking bias' from its policy statement, while also cutting near-term growth forecasts. Alongside a reigning dollar crossing swords with fresh 2019 highs (US dollar index), the USD/CAD rallied half a percent and concluded the day challenging 1.35 on...
EURJPY broke out of its major support at 125.60 where it could potentially fall further to its support at 124.83 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support).
RSI (89) is being held down by a descending line which adds to its bearish pressure.
NZDJPY is approaching its support at 73.94 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 74.68 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 3.6% where a corresponding bounce could occur.
EURCAD is approaching its resistance at 1.5151 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 1.5061 (61.8% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
