AUDUSD Daily Analysis - November 29, 2016 Forex Analysis

AUDUSD's upward movement from 0.7310 extended to as high as 0.7497. Resistance is at 0.7550, as long as this level holds, the rise would possibly be correction of the downtrend from 0.7778, another fall to 0.7200 area is still possible after correction.

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GBPUSD Daily Analysis - November 29, 2016 Forex Analysis

GBPUSD's bounce from 1.2302 had completed at 1.2531 already. The subsequent fall is likely resumption of the downtrend from 1.2673. Further decline would likely be seen over the next several days, and the target would be at 1.2000 area.

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EURUSD Daily Analysis - November 29, 2016 Forex Analysis

EURUSD broke above 1.0657 resistance, indicating that the downtrend from 1.1299 had completed at 1.0518 already. Further rally is possible in a couple of days, and the target would be at 1.0800 area. Resistance is now at 1.0800, as long as this level holds, the downtrend could be expected to resume, and another fall to test 1.0462 (Mar 13, 2015 low) support is still possible.

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