USDCAD Daily Analysis - November 7, 2016 Forex Analysis

USDCAD's upward movement from 1.3005 extended to as high as 1.3465. Key support is at 1.3276, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.3600 area.

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USDJPY Daily Analysis - November 7, 2016 Forex Analysis

USDJPY remains in downtrend from 105.53, the bounce from 102.54 is likely correction of the downtrend. Another fall could be expected after correction, and next target would be at 100.50 area.

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AUDUSD Daily Analysis - November 7, 2016 Forex Analysis

AUDUSD remains in uptrend from 0.7557, the fall from 0.7696 is likely consolidation of the uptrend. Further rise would likely be seen over the next several days, and next target would be at 0.7800 area. Support is at 0.7620, as long as this level holds, the uptrend will continue.

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GBPUSD Daily Analysis - November 7, 2016 Forex Analysis

GBPUSD's upward movement from 1.2082 extended to as high as 1.2557. Further rise is still possible after a minor consolidation, and next target would be at 1.2650 area. Key support is at 1.2330, only break below this level will indicate that the upward movement from 1.1946 had completed at 1.2557 already, then the following downward movement could bring price back to test 1.1946 previous low support.

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EURUSD Daily Analysis - November 7, 2016 Forex Analysis

EURUSD broke below the upward price channel on 4-hour chart, indicating that consolidation of the uptrend is underway. Range trading between 1.1000 and 1.1141 would likely be seen over the next several days. As long as 1.1000 support holds, the uptrend could be expected to resume, and another rise towards 1.1300 could be seen after consolidation.

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