2 way for movement i think number 2 more possible because it can take more stops and active some buy orders and small traders lose money
nzd will go little bullish and cad will be strong bearish against usd and then will start bullish trend for 2 week and maybe more in long time nzd and aud have better condition than cad
it seems eur will be strong and cad will be weak next week and maybe usd cad go to 1.25 and eur usd 1.2 and it will near 1.5 more possible
it was double top before but market need to take stops top of the 122.5 and now will start strong bearish trend maybe
rsi is going down but price is bullish and it will finish and strong bearish movement in h1
if no break bearish channel it will be an easy short on eur and big tp
i think this week best currency for buy is usd this eur usd channel broken and pullback completed and head and shoulder is clear.
aud is in over sold and cad is over bought in many currency pair and need rest already trend is bearish but maybe going top 2 week and then go to 0.9 in the end of 2021
head and shoulder nice news today for usd low risk and big profit
in daily time frame maybe bullish movement but in monthly it will weak
maybe going to 1.425 for taking stop loss and then fake break and bearish movement for low risk tp and big profit