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Forex Pairs to watch this week: GBP/USD and USD/CAD

Successful trading is about finding the rules that work and then sticking to those rules.

Forex Pairs to watch this week: GBP/USD and USD/CAD

GBP/USD trading slightly lower on Monday. On the downside, any meaningful pullback now seems to find some support near the 1.4090 zones, below which the slide could further get extended towards 1.4050 then 1.4000. On the upper side, the first immediate resistance can be found at 1.4205 then 1.4235/50.

euraud

USD/CAD trading unchanged on Monday, the immediate support will be the same as last week low 1.2028. On the upper side, the short resistance at 1.2140 any break above this level will open 1.22. In the long term, if the Loonie holds above 1.20 there are chances the currency pair eventually rise to above 1.2300. On the other side, if the price break and close below 1.2000, the next immediate support to watch 1.1900.

usdcad

Sources: (Chart - Tradingview.com)

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