USDCAD Daily Analysis - December 19, 2016 Forex Analysis

USDCAD remains in uptrend from 1.3080, the fall from 1.3417 is likely consolidation of the uptrend. Support is at 1.3200, as long as this level holds, the uptrend could be expected to resume, and further rise to 1.3500 area is possible.

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USDJPY Daily Analysis - December 19, 2016 Forex Analysis

USDJPY's upward movement from 101.18 extended to as high as 118.66. Key support is 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 19, 2016 Forex Analysis

AUDUSD broke below 0.7310 support, indicating that the downtrend from 0.7778 has resumed. Further decline could be expected after a minor consolidation, and next target would be at 0.7200 area. Resistance is at 0.7380, only break above this level could signal completion of the downtrend.

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GBPUSD Daily Analysis - December 19, 2016 Forex Analysis

GBPUSD remains in downtrend from 1.2774, the rise from 1.2376 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.2250 area. Resistance is at 1.2550, as long as this level holds, the downtrend will continue.

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EURUSD Daily Analysis - December 19, 2016 Forex Analysis

EURUSD's downward movement from 1.0873 extended to as low as 1.0366. Further decline could be expected after a minor consolidation, and next target would be at 1.0200 area. Resistance levels are at 1.0550 and 1.0669, as long as these levels hold, the downtrend will continue.

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