EURUSD – Continues to sell off and broke through an important support zone at 1.1045 earlier last week. A pullback into this zone is likely before possibly continuing its downward trend. Look for possible shorting opportunities at this level.
USDJPY- Finally broke through a sideways consolidation market that started last year.
USDCAD – We mentioned in a previous weekly update that the USDCAD was facing a strong support level at the 1.1978 level. It is now over 400+ pips above that level!