Weekly Forex Forecast | DailyForex



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USD / CAD

The US dollar recovered for most of the week, but eventually turned against the Canadian dollar to form a shooting star. The shooting star is a negative sign, as we said just above the 1.31 level. If we fall below, the market probably goes down to the 1.30 level, which naturally has a certain psychological importance. I believe that there is also significant support at 1.29, so keep an eye on that. Obviously, oil will have a say in this market.

  USDCAD "class =" img-responsive "src =" https://dailyforex-a.akamaihd.net/files/usdcadWEEK 220719chris.png "style =" width: 630px; The Euro fell for most of the week but saw market rally on Friday as reaction to a Donald Trump tweet shattered the US dollar. However, when I look at this market, it is clear that the 1.15 level offers a lot of support, and I think that if we were to go down and fall below that level, the market would reverse drastically. to see the buyers on the hollows, as we build the basis necessary to change things finally. </p>
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GBP / AUD

The British pound fell for most of the week but found enough support just above the 1.75 level to turn around and rebound. I believe the market will continue to rebound below the 1.80 level above, and the 1.75 level below. I think if we fall below the 1.74 level, then the market probably collapses quite significantly. However, I think the market is probably going to be a kind of back and forth, so short term traders will love this pair. "https://dailyforex-a.akamaihd.net/files/gbpaudWEEK220719chris.png" style = "width: 630px; The New Zealand dollar had a very noisy week against the Japanese yen, breaking as high as the region 77 before we turn in. Since we have continued to see a little negativity in the short term, I think it will probably go to the 75 yen level, but if we can go beyond the 77 level, that's it. this is a very risk-sensitive market.

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