USDCAD Daily Analysis - October 21, 2016 Forex Analysis

USDCAD's rise from 1.3005 extended to as high as 1.3248. Further rise to test 1.3313 resistance could be expect after a minor consolidation. Support levels are at 1.3200 and 1.3160, as long as these levels hold, the uptrend will continue.

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AUDUSD Daily Analysis - October 21, 2016 Forex Analysis

AUDUSD broke below 0.7650 support, indicating that the uptrend from 0.7506 had completed at 0.7734 already. Further decline could be expected over the next several days, and next target would be at 0.7500 area. Resistance levels are at 0.7680 and 0.7734, only break above these levels could trigger another rise towards 0.8000.

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EURUSD Daily Analysis - October 21, 2016 Forex Analysis

EURUSD stays in the downward price channel on 4-hour chart and remains in downtrend from 1.1279. As long as the channel resistance holds, the downtrend could be expected to continue, and next target would be at 1.0700 area. Key resistance is at 1.1039, only break above this level will indicate that the downtrend has completed, then the following upward movement could bring price back to 1.1250 zone.

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