AUDUSD Daily Analysis - September 6, 2016 Forex Analysis

AUDUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the rise from 0.7489 could be treated as consolidation of the downtrend from 0.7755. Further decline could be expected after consolidation, and next target would be at 0.7250 area. On the upside, a clear break above the trend line resistance will indicate that the downtrend had completed at 0.7489 already, then the following upward movement could bring price to 0.8000 zone.

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EURUSD Daily Analysis - September 6, 2016 Forex Analysis

EURUSD is facing 1.1123 support, a breakdown below this level will signal resumption of the downtrend from 1.1366, then the following downward movement could bring price to 1.1000 area. Near term resistance is at 1.1251, only break above this level could trigger another rise towards 1.1500.

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USDCAD Daily Analysis - September 5, 2016 Forex Analysis

USDCAD broke below the bottom of the price channel on 4-hour chart. However the fall from 1.3147 would possibly be correction of the uptrend from 1.2763. Another rise towards 1.3500 is still possible after correction.

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USDJPY Daily Analysis - September 5, 2016 Forex Analysis

USDJPY continued its upward movement from 99.52 and the rise extended to as high as 104.31. Further rise could be expected after a minor consolidation, and next target would be at 106.00 area. Support is now at 102.80, only break below this level could indicate that consolidation of the uptrend is underway, then range trading between 102.00 and 104.31 could be seen.

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AUDUSD Daily Analysis - September 5, 2016 Forex Analysis

AUDUSD stays below the downward trend line on 4-hour chart and remains in downtrend from 0.7755. As long as the trend line resistance holds, the rise from 0.7489 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 0.7250 area.

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GBPUSD Daily Analysis - September 5, 2016 Forex Analysis

GBPUSD continued its upward movement from 1.2865, and the rise extended to as high as 1.3375. Further rise to test 1.3480 (Jul 15 high) resistance is possible. Near term support is at 1.3215, a breakdown below this level could bring price back to 1.2900 zone.

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EURUSD Daily Analysis - September 5, 2016 Forex Analysis

EURUSD remains in downtrend from 1.1366, the bounce from 1.1123 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.1000 area. Near term resistance is at 1.1251, only break above this level could bring price back to test 1.1366 resistance.

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