USDCAD Daily Analysis - December 21, 2016 Forex Analysis

USDCAD remains in uptrend from 1.3080, the price action from 1.3417 is likely consolidation of the uptrend. Support is at 1.3280, 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 21, 2016 Forex Analysis

USDJPY remains in uptrend from 101.18, the fall from 118.66 could be treated as consolidation of the uptrend. 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 21, 2016 Forex Analysis

AUDUSD continued its downward movement from 0.7524 and the fall extended to as low as 0.7222. Resistance levels are at 0.7280 and 0.7360, as long as these levels hold, the downtrend could be expected to continue, and next target would be at 0.7000 area.

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GBPUSD Daily Analysis - December 21, 2016 Forex Analysis

GBPUSD's downward movement from 1.2774 extended to as low as 1.2312. Further decline could be expected after a minor consolidation and next target would be at 1.2250 area. Resistance is at 1.2500, only break above this level could signal completion of the downtrend.

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EURUSD Daily Analysis - December 21, 2016 Forex Analysis

EURUSD remains in downtrend from 1.0873, the price action from 1.0366 is likely consolidation of the downtrend. Resistance is at 1.0500, as long as this level holds, the downtrend could be expected to continue and next target would be at 1.0200 area. Only break above 1.0500 resistance could signal completion of the downtrend.

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