USDCAD Daily Analysis - September 12, 2016 Forex Analysis

USDCAD failed to break below 1.2763 support and rebounded strongly from 1.2822. Further rise to test 1.3147 resistance is possible in a couple of days. A break of this level will signal resumption of the uptrend from 1.2763, then next target would be at 1.3500 area. Support is at 1.2960, only break below this level could trigger another fall to test 1.2763 support.

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USDJPY Daily Analysis - September 12, 2016 Forex Analysis

USDJPY's rise from 101.20 extended to as high as 103.05. Further rise to test 104.31 resistance is possible in a couple of days. A break of this level will signal resumption of the uptrend from 99.52, then next target would be at 106.30 area. Near term support is at 101.80, only break below this level could bring price back to test 99.52 key support.

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AUDUSD Daily Analysis - September 12, 2016 Forex Analysis

AUDUSD failed to break above 0.7755 resistance and is now facing 0.7489 support. A breakdown below this level will indicate that the uptrend from 0.7144 (May 24 low) had completed at 0.7755 already, then next target would be at 0.7200 zone. Resistance is at 0.7600, a break of this level will indicate that sideways movement in a range between 0.7489 and 0.7755 is underway.

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GBPUSD Daily Analysis - September 12, 2016 Forex Analysis

GBPUSD is facing the support of the price channel on 4-hour channel. As long as the channel support holds, the uptrend from 1.2865 could be expected to resume, and next target would be at 1.3700 area. However, a clear break below the channel support will indicate that the uptrend has completed, then the following downward movement could bring price to 1.2900 zone.

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EURUSD Daily Analysis - September 12, 2016 Forex Analysis

After touching that bottom of the price channel on 4-hour chart, EURUSD rebounded from 1.1198, indicating that the pair remains in uptrend from 1.1123, and the fall from 1.1326 would possibly be correction of the uptrend. Another rise towards 1.1400 could be expected over the next several days. Key support is now at 1.1198, only break below this level could bring price back to 1.1000 zone.

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