USDCAD Daily Analysis - October 31, 2016 Forex Analysis

USDCAD's upward movement from 1.3005 extended to as high as 1.3433. Further rise could be expected in a couple of days, and next target would be at 1.3600 area. Support levels are at 1.3345 and 1.3276, as long as these levels hold, the uptrend will continue.

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USDJPY Daily Analysis - October 31, 2016 Forex Analysis

USDJPY is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds, the fall from 105.53 could be treated as consolidation of the uptrend from 103.16, and further rise to 106.00 area is still possible. On the downside, a clear break below the trend line support will indicate that the uptrend had completed at 105.53 already, then the following downward movement could bring price back to 101.00 area.

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AUDUSD Daily Analysis - October 31, 2016 Forex Analysis

AUDUSD reached the bottom of the price channel on 4-hour chart. Further rebound would likely be seen, and the target would be at at top of the channel. Support is at 0.7557, only break below this level could bring price to 0.7500 zone.

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EURUSD Daily Analysis - October 31, 2016 Forex Analysis

EURUSD broke above the channel resistance, indicating that the downtrend from 1.1279 had completed at 1.0851 already. Further rally could be expected in a couple of days, and next target would be at 1.1050 area. Support levels are at 1.0925 and 1.0850, only break below these levels could trigger another fall towards 1.0700.

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