USDCAD Daily Analysis - December 6, 2016 Forex Analysis

USDCAD's downward movement from 1.3588 extended to as low as 1.3235. Further decline is still possible, and next target would be at 1.3100 area. Resistance levels are at 1.3360 and 1.3390, only break above these levels will signal completion of the downtrend.

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AUDUSD Daily Analysis - December 6, 2016 Forex Analysis

AUDUSD is facing 0.7497 resistance, a break of this level will indicate that the uptrend from 0.7310 has resumed, then next target would be at 0.7600 area. On the downside, as long as 0.7497 resistance holds, another fall to 0.7350 area is still possible.

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EURUSD Daily Analysis - December 6, 2016 Forex Analysis

EURUSD broke above 1.0689 resistance, indicating that the downtrend from 1.1299 is complete. Further rally could be expected in a couple of days, and next target would be at 1.0900 area. Support is at 1.0600, only break below this level could trigger another fall towards 1.0300.

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