Today we are seeing a nice setup on USDCAD as it is approaching first resistance where we are expecting a drop below this level. We are also seeing a nice setup on USDJPY as it is approaching resistance where we are expecting a drop below this level.1. NZDCHF dropped perfectly from our first resistance and is approaching our major support target: 
2. USDCAD bounced perfectly from our first support to hit our major resistance target: 
3. AUDCAD bounced perfectly above our first support to hit our major resistance 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.