AUDUSD Daily Analysis - December 13, 2016 Forex Analysis

AUDUSD broke above 0.7508 resistance and continued its upward movement from 0.7369. Further rise could be expected and next target would be at 0.7600 area. Support level is at 0.7428, only break below this level could signal completion of the uptrend.

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GBPUSD Daily Analysis - December 13, 2016 Forex Analysis

GBPUSD is facing 1.2700 resistance, a break of this level could signal resumption of the uptrend from 1.2302, then next target would be at 1.2900 area. Key support is now at 1.2548, a breakdown below this level will confirm that the uptrend had completed at 1.2774 already, then the following downward movement could bring price to 1.2000 zone.

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EURUSD Daily Analysis - December 13, 2016 Forex Analysis

EURUSD failed to break below 1.0505 support and rebounded to 1.0650 area. However another fall to test 1.0505 support is still possible, a breakdown below this level will signal resumption of the downtrend from 1.1299, then 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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