USDCAD Daily Analysis - August 30, 2016 Forex Analysis

USDCAD is in uptrend from 1.2763. Further rise is still possible over the next several days, and next target would be at 1.3200 area. Support levels are at 1.2900 and 1.2830, only break below these levels could bring price back towards 1.2500.

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AUDUSD Daily Analysis - August 30, 2016 Forex Analysis

AUDUSD is in downtrend from 0.7755. Further decline could be expected in a couple of days, and next target would be at 0.7250 area. Resistance is located at the downward trend line on 4-hour chart, only a clear break above the trend line resistance could trigger another rise towards 0.8000.

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USDJPY Daily Analysis - August 29, 2016 Forex Analysis

USDJPY failed to break below 98.97 (Jun 24, 2016 low) support and rebounded strongly from 99.52, indicating that the downward movement from 107.48 had completed. Further rally could be expected in a couple of days, and next target would be at 106.00 area.

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GBPUSD Daily Analysis - August 29, 2016 Forex Analysis

GBPUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 1.2865 had completed at 1.3278 already. Further decline could be expected in a couple of days and next target would be at 1.2900 area.

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EURUSD Daily Analysis - August 29, 2016 Forex Analysis

EURUSD is in downtrend from 1.1366. Further decline could be expected over the next several days, and next target would be at 1.1000 area. Resistance is at 1.2270, only break above this level could trigger another rise towards 1.1500.

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