USDCAD Daily Analysis - October 20, 2016 Forex Analysis

USDCAD rebounded strongly from 1.3005, indicating that the downward movement from 1.3313 had completed. Further rally could be expected over the next several days, and next target would be at 1.3250 area. Support level are at 1.3070 and 1.3005, only break below these levels could trigger another fall towards 1.2900.

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AUDUSD Daily Analysis - October 20, 2016 Forex Analysis

AUDUSD's upward movement from 0.7506 extended to as high as 0.7734. Further rise is still possible after a minor consolidation, and next target would be at 0.7800 area. Support is at 0.7650, only break below this level will indicate that the uptrend had completed at 0.7734 already, then the following downward movement could bring price back to 0.7550 zone.

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EURUSD Daily Analysis - October 20, 2016 Forex Analysis

EURUSD's downward movement from 1.1279 extended to as low as 1.0954. Further decline is still possible after a minor consolidation and next target would be at 1.0900 area. Resistance levels are at 1.1025 and 1.1058, only break above these levels could signal completion of the downtrend.

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