USDJPY To Fresh 2019 Highs As EURUSD Tests Below 1.1300

EUR/USD EIGHT-HOUR PRICE CHART

(Click on image to enlarge)

eurusd eur/usd eight hour price chart

Chart prepared by James Stanley

USD/JPY TRADES ABOVE KEY 110.00 LEVEL, BREAKS OUT TO FRESH 2019 HIGH

Going along with that US Dollar strength has been a topside push in USD/JPY as the pair is now trading at fresh 2019 highs. The 110.00 level had provided numerous instances of resistance over the past few weeks as the pair recovered from the early-year surge of Yen-strength.

USD/JPY FOUR-HOUR PRICE CHART

(Click on image to enlarge)

usdjpy usd/jpy four hour price chart

Chart prepared by James Stanley

USD/CAD TESTS HIGHER-LOW SUPPORT AFTER LAST WEEK’S BOUNCE

USD/CAD had a strong outing last week, and this comes after setting a fresh two-month low on the first day of February. Sliding Oil prices contributed to last week’s move, but the Friday jobs report out of Canada brought a quick run of CAD-strength to push USD/CAD down to a key zone of prior support that runs from 1.3236-1.3259. A hold of this support can open the door for a re-test of resistance at 1.3325 and the zone that runs from 1.3361-1.3385. On the other hand, should that 1.3325 resistance hold, the door remains open for another push lower, looking for a re-test of the February low that takes place around the 1.3066 Fibonacci level.

USD/CAD FOUR-HOUR PRICE CHART

(Click on image to enlarge)

usdcad usd/cad four hour price chart

Chart prepared by James Stanley

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