USDCAD Daily Analysis - December 15, 2016 Forex Analysis

USDCAD broke above the downward price channel on 4-hour chart, indicating that the downtrend from 1.3536 had competed at 1.3080 already. Further rally could be expected after a minor consolidation and next target would be at 1.3500 zone. Support is at 1.3200, as long as this level holds, the uptrend will continue.

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USDJPY Daily Analysis - December 15, 2016 Forex Analysis

USDJPY's upward movement from 101.18 extended to as high as 117.85. Key support is now at 114.73, as long as this level holds, the uptrend could be expected to continue, and next target would be at 120.00 area. Only break below 114.73 support could signal completion of the uptrend.

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AUDUSD Daily Analysis - December 15, 2016 Forex Analysis

AUDUSD's upward movement from 0.7310 had completed at 0.7524 already. The pair is now in downtrend, further decline to test 0.7310 support could be seen in a couple of days, a break below this level will signal resumption of the longer term downtrend from 0.7778, then next target would be at 0.7200 area. Resistance is at 0.7475, only break above this level could trigger another rise to 0.7600 zone.

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GBPUSD Daily Analysis - December 15, 2016 Forex Analysis

GBPUSD broke below 1.2548 support, indicating that the uptrend from 1.2302 had completed at 1.2774 already. Deeper decline would likely be seen in a couple of days and next target would be at 1.2300 zone. Resistance is at 1.2660, only break above this level could trigger another rise towards 1.2900.

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EURUSD Daily Analysis - December 15, 2016 Forex Analysis

EURUSD broke below 1.0505 support, indicating that the downtrend from 1.1299 has resumed. Further decline to test 1.0462 (Mar 13, 2015 low) support could be expected in a couple of days. Resistance is at 1.0669, only break above this level could bring price back to 1.0950 zone.

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