USDCAD Morning Star (Doji) Hourly Chart
Resistance: 0.9886 strong/0.9899 moderate/0.9913 minor
Support: 0.9872 moderate/0.9859 minor/0.9845 minor
We have a Morning Star (Doji) in USDCAD Hourly charts suggesting a possible bounce in prices. The immediate support at 0.9872 is rated as moderate. With a high credibility bullish reversal pattern consider buying from just above 0.9872 the immediate target will be the daily pivot point at 0.9886, break of which suggests a further rally to 0.9899. Stops ideally should be just under 0.9872.
NZDUSD Bullish Engulfing Hourly Chart
Resistance: 0.8127 minor/0.8149 minor
Support: 0.8107 moderate/0.8085 strong/0.8065 moderate
Market is generally bullish with Bullish Engulfing suggesting a further push up. Given that the pattern is a medium reliability setup consider going long the immediate objective at 0.8127 possibly a run to 0.8149. Stop losses ideally should be under 0.8107 though a tighter stop under the pattern low is also viable. It is best to wait for a confirmation.
USDCHF Bearish Engulfing Hourly Chart
Resistance: 0.9734 strong/0.9759 moderate/0.9792 minor
Support: 0.9701 moderate/0.9676 minor/0.9643 minor
USDCHF has a bias for the sell-side. Hourly charts also have a Bearish Engulfing confirming market direction though proximity to a moderate support at 0.9701 suggests we should wait for a close below it before jumping short. The immediate target of any sell-off is 0.9676 break of which sees 0.9643. Stops should be placed above the pattern high.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To aLook At Prices