USDCAD Daily Analysis - November 21, 2016 Forex Analysis

USDCAD failed to break above 1.3588, indicating that the pair remains in downtrend from 1.3588. Deeper decline is possible, and the target would be at 1.3250 area. On the upside, a break of 1.3588 resistance will signal resumption of the uptrend from 1.3005, then the following upward movement could bring price to 1.3700 zone.

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USDJPY Daily Analysis - November 21, 2016 Forex Analysis

USDJPY stays above the upward trend line on 4-hour chart and remains in uptrend from 101.18. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 114.00 area. Key support is at 108.50, only break below this level could signal completion of the uptrend.

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AUDUSD Daily Analysis - November 21, 2016 Forex Analysis

AUDUSD continued its downward movement from 0.7778, and the fall extended to as low as 0.7313. Further decline is still possible after a minor consolidation and next target would be at 0.7200 area. Resistance is at 0.7420, as long as this level holds, the downtrend will continue.

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GBPUSD Daily Analysis - November 21, 2016 Forex Analysis

GBPUSD broke below 1.2350 support, indicating that the uptrend from 1.2082 had completed at 1.2673 already. Deeper decline could be expected, and next target would be at 1.2050 area. Near term resistance is at 1.2510, only break above this level could trigger another rise towards 1.2700.

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EURUSD Daily Analysis - November 21, 2016 Forex Analysis

EURUSD's downward movement from 1.1299 extended to as low as 1.0569. Resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue, and further decline to test 1.0462 (Mar 13, 2015 low) support is possible. On the other side, a clear break above the trend line resistance will indicate that the downtrend had completed at 1.0569 already, then the following upward movement could bring price back to 1.0800 zone.

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