USDCAD Daily Analysis - December 12, 2016 Forex Analysis

USDCAD stays in the downward price channel on 4-hour chart and remains in downtrend from 1.3536. Further decline could be expected and next target would be at 1.3000 area. Resistance is located at the top of the price channel, only a clear break above the channel resistance could signal completion of the downtrend.

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USDJPY Daily Analysis - December 12, 2016 Forex Analysis

USDJPY broke above 114.82 resistance and continued its upward movement from 101.18. Further rise could be expected over the next several days, and next target would be at 117.00 area. Support is now at 112.83, only break below this level could signal completion of the uptrend.

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AUDUSD Daily Analysis - December 12, 2016 Forex Analysis

AUDUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 0.7369 had completed at 0.7508 already. The pair is now in downtrend, further decline could be expected and next target would be at 0.7350 area. Resistance is at 0.7480, only break above this level could trigger another rise to 07600 zone.

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GBPUSD Daily Analysis - December 12, 2016 Forex Analysis

GBPUSD broke below the bottom of the price channel on 4-hour chart, and is now in downtrend from 1.2774. Further decline would likely be seen in a couple of days, and next target would be at 1.2450 area. Resistance is at 1.2700, only break above this level could trigger another rise towards 1.2900.

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EURUSD Daily Analysis - December 12, 2016 Forex Analysis

EURUSD is in downtrend from 1.0873. Further decline would likely be seen after a minor consolidation and next target would be at 1.0400 area. Resistance is at 1.0680, only break above this level could trigger another rise to 1.0950 zone.

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