USDCAD Daily Analysis - September 20, 2016 Forex Analysis

USDCAD remains in uptrend from 1.2822, the fall from 1.3248 could be treated as consolidation of the uptrend. Key support is at 1.3100, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.3300 area. On the downside, a breakdown below 1.3100 support will indicate that the uptrend had completed at 1.3248 already, then the following downward movement could bring price back to 1.2800 zone.

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AUDUSD Daily Analysis - September 20, 2016 Forex Analysis

AUDUSD broke above 0.7567 resistance, indicating that the downward movement from 0.7731 had completed at 0.7441 already. Further rally would likely be seen over the next several days, and the target would be at 0.7650 area. Support level is at 0.7490, only break below this level could trigger another fall towards 0.7200.

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GBPUSD Daily Analysis - September 20, 2016 Forex Analysis

GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3445. Further decline is still possible after a minor consolidation, and next target would be at 1.2900 area. Near term resistance is at 1.3140, and the key resistance is located at the downward trend line on 4-hour chart. Only a clear break above the trend line resistance could signal completion of the downtrend.

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EURUSD Daily Analysis - September 20, 2016 Forex Analysis

EURUSD is in downtrend from 1.1326. Further decline to test 1.1123 support is possible, and a breakdown below this level will indicate that the longer term downtrend from 1.1366 has resumed, then next target would be at 1.1000 area. Near term resistance is at 1.1200, only break above this level could bring price back to 1.1400 zone.

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