USDCAD Daily Analysis - October 27, 2016 Forex Analysis

USDCAD is facing 1.3397 resistance, a break of this level will signal resumption of the uptrend from 1.3005, then next target would be at 1.3600 area. Support is at 1.3276, only break below this level will indicate that the uptrend had completed at 1.3397 already, then the following downward movement could bring price back to 1.3100 zone.

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AUDUSD Daily Analysis - October 27, 2016 Forex Analysis

AUDUSD failed to break above 0.7734 resistance, indicating that the pair remains in downtrend from 0.7734. Deeper decline would likely be seen and the target would be at 0.7500 area.

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EURUSD Daily Analysis - October 27, 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. On the upside, a clear break above the channel resistance will indicate that the downtrend had completed at 1.0851 already, then the following upward movement could bring price to 1.1400 zone.

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