USDCAD Daily Analysis - September 16, 2016 Forex Analysis

Being contained by 1.3252 (Jul 27 high) resistance, USDCAD pulled back from 1.3235, indicating that consolidation of the uptrend from 1.2822 is underway. Range trading between 1.3080 and 1.3235 would likely be seen in a couple of days.

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USDJPY Daily Analysis - September 16, 2016 Forex Analysis

USDJPY is forming a sideways consolidation in a range between 101.20 and 103.35. Support is at 101.20, a breakdown below this level could bring price to test 99.52 support. Resistance is at 103.35, only break above this level could trigger another rise towards 106.00.

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AUDUSD Daily Analysis - September 16, 2016 Forex Analysis

AUDUSD is in consolidation of the downtrend from 0.7731. Range trading between 0.7441 and 0.7567 would likely be seen over the next several days. Resistance is now at 0.7567, as long as this level holds, the downtrend could be expected to resume after consolidation, and further decline to 0.7200 area is still possible.

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GBPUSD Daily Analysis - September 16, 2016 Forex Analysis

GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend from 1.3445 could be expected to resume, and further decline to 1.2900 area is possible. On the upside, a clear break above the trend line resistance will indicate that the downward movement had completed at 1.3138 already, then next target would be at 1.3600 zone.

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EURUSD Daily Analysis - September 16, 2016 Forex Analysis

EURUSD moved sideways in a narrow range between 1.1198 and 1.1285. As long as 1.1285 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.1326, and further decline to 1.1000 area is possible after consolidation. On the upside, a break of 1.1285 resistance will indicate that the uptrend from 1.1123 has resumed, then the following upward movement could bring price to 1.1400 zone.

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