AUDUSD , NZDUSD , USDCAD OUTLOOK 22/03/2017

AUDUSD retested the previous resistance zone of 0.7720-0.7775 where it bounced of the resistance trend line. We are likely to see price roll down to the support zone 0.7530-0.7470 where lies the 200ema . In case the ascending trend line holds up, we are like to have a retest of the resistance zone or new highs made.

NZDUSD tested the former support zone now resistance of 0.7045-0.7100 where also lies the 200ema and it got a rejection which could result in the push down back to the previous of 0.6880. If the bulls manage to push the price above and break the descending trend line, we should see price of 0.7235  being targeted.

USDCAD retraced into a support zone of 1.3195 -1.3255 where the 200ema is located. We saw price being rejected as bulls came in, we look to see  new high if price manages to break the descending trend line and resistance zone 1,3525-1,3585. in  a situation price moves downwards the next support is 1,3000.

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