USDCAD Daily Analysis - November 16, 2016 Forex Analysis

USDCAD's upward movement from 1.3264 had completed at 1.3588 already. Further decline could be expected in a couple of days, and the target would be at 1.3250 area. Resistance level is at 1.3500, only break above this level could trigger another rise towards 1.3800.

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USDJPY Daily Analysis - November 16, 2016 Forex Analysis

USDJPY continued its upward movement from 101.18, and the rise extended to as high as 109.33. Further rise is is still possible after a minor consolidation, and next target would be at 110.00 area. Support levels are at 107.60 and 106.00, as long as these levels hold, the uptrend will continue.

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AUDUSD Daily Analysis - November 16, 2016 Forex Analysis

AUDUSD's downward movement from 0.7778 extended to as low as 0.7511. Further decline is still possible after a minor consolidation, and next target would be at 0.7400 area. Resistance is at 0.7620, only break above this level could signal completion of the downtrend.

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GBPUSD Daily Analysis - November 16, 2016 Forex Analysis

GBPUSD is facing 1.2350 support, a breakdown below this level will indicate that the upward movement from 1.2082 had completed at 1.2673 already, then the following downward move could bring price to 1.2000 area. On the upside, as long as 1.2350 support holds, the fall from 1.2673 could be treated as consolidation of the uptrend, further rise 1.2800 area is still possible after consolidation.

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EURUSD Daily Analysis - November 16, 2016 Forex Analysis

EURUSD remains in downtrend from 1.1299, the rise from 1.0709 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.0600 area. Resistance levels are at 1.0840 and 1.0900, as long as these levels hold, the downtrend will continue.

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