Today we are seeing a nice setup on AUDCAD as it is approaching our first support where we are expecting a bounce above this level. We are also seeing a nice setup on USDCAD as it is approaching support which coincides with our Fibonacci extension and Fibonacci retracement where we might expect a bounce above this level.1. USDJPY dropped perfectly from our first resistance and is approaching our major support target: 
2. AUDCAD dropped perfectly from our first resistance to hit our major support target: 
3. EURCAD dropped perfectly below our first resistance to hit our major support target: 
4. CHFJPY bounced perfectly above our first support to hit our major support target: 
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.