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.
GBPAUD is approaching its resistance at 1.8432 (100% Fibonacci extension, 50% & 61.8% Fibonacci retracement, horizontal overlap resistance) where it is could reverse down to its support at 1.8309 (38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 94% where a corresponding reversal is expected.
AUDJPY is approaching its support at 79.56 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 80.11 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 3.2% where a corresponding bounce could occur.
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 74.682 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 3.6% where a corresponding bounce could occur.
CADJPY is approaching its support at 83.11 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 83.86 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 1.12% where a corresponding bounce could occur.
EURCAD is approaching its support at 1.4968 (100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.5054 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at where a corresponding bounce could occur.
EURJPY is approaching its support at 125.58 (61.8% & 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 126.19 (Horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 3.9% where a corresponding bounce could occur.
EURGBP is approaching its resistance at 0.8700 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 0.8588 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) is approaching its resistance at 95% where a corresponding reversal is expected.
XAGUSD is approaching its resistance at 15.09 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 15.01 (horizontal pullback support).
Stochastic (89, 5, 3) is approaching its resistance at 92% where a corresponding reversal is expected.
USDJPY reversed off its resistance at 112.16 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it is could drop further to its support at 111.38 (61.8% Fibonacci retracement).
Stochastic (89, 5, 3) reversed off its resistance at 96% where a corresponding drop could occur.
CHFJPY is approaching its support at 110.61 (100% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 110.92 (horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at where a corresponding bounce could occur.
GBPUSD is approaching its support at 1.3004 (61.8% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 1.3065 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at where a corresponding bounce could occur.
