USDCAD Daily Analysis - December 5, 2016 Forex Analysis

USDCAD continued its downward movement from 1.3588 and the fall extended to as low as 1.3254. Deeper decline is still possible, and next target would be at 1.3100 area. Resistance is at 1.3390, only break above this level will indicate that the downtrend has completed, then the following upward movement could bring price to 1.3800 zone.

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GBPUSD Daily Analysis - December 5, 2016 Forex Analysis

GBPUSD broke above 1.2673 resistance and reached 1.2736. The uptrend from 1.2302 could be expected to continue, and next target would be at 1.2900 area. Support is at 1.2550, only break below this level could bring price back to 1.2300 zone.

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EURUSD Daily Analysis - December 5, 2016 Forex Analysis

EURUSD broke below 1.0518 previous low support, indicating that the downtrend from 1.1299 has resumed. Further decline could be expected, and next target would be at 1.0300 area. Resistance levels are at 1.0689 and 1.0800, only break above these levels could signal completion of the downtrend.

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