USDCAD Daily Analysis - September 15, 2016 Forex Analysis

USDCAD's upward movement from 1.2822 extended to as high as 1.3208. Further rise could be expected after a minor consolidation, and next target would be at 1.3400 area. Support level is now at 1.3125, as long as this level holds, the uptrend will continue.

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USDJPY Daily Analysis - September 15, 2016 Forex Analysis

USDJPY's bounce from 101.20 can reach 103.35 only, the subsequent fall indicate that the pair remains in downtrend from 104.31. Further decline to 100.00 area would likely be seen over the next several days. Resistance is now at 103.35, only break above this level could trigger another rise towards 106.00 zone.

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AUDUSD Daily Analysis - September 15, 2016 Forex Analysis

AUDUSD remains in downtrend from 0.7731, the rise from 0.7441 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 0.7200 area. Resistance is at 0.7530, only break above this level could signal completion of the downtrend.

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GBPUSD Daily Analysis - September 15, 2016 Forex Analysis

GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3445. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.2900 area. On the upside, a clear break above the trend line resistance will indicate that the downtrend had completed at 1.3138 already, then the following upward movement could bring price to 1.3600 zone.

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EURUSD Daily Analysis - September 15, 2016 Forex Analysis

EURUSD is in downtrend from 1.1326, the rise from 1.1198 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 1.2385, only break above this level could trigger another rise towards 1.1400.

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