USDCAD Daily Analysis - December 28, 2016 Forex Analysis

USDCAD's upward movement from 1.3080 extended to as high as 1.3580. Further rise is still possible after a minor consolidation, and next target would be at 1.3700 area. Support is at 1.3471, only break below this level could signal completion of the uptrend.

For more short term forex analysis and info visit via USDCAD Daily Analysis - December 28, 2016 . Thanks for your support.

USDJPY Daily Analysis - December 28, 2016 Forex Analysis

USDJPY moved sideways in a narrow range between 116.54 and 118.66. As long as 116.54 support holds, the price action in the range could be treated as consolidation of the uptrend from 101.18, and further rise to 120.00 area is still possible. Key support is at 114.73, only break below this level could signal completion of the uptrend.

For more short term forex analysis and info visit via USDJPY Daily Analysis - December 28, 2016 . Thanks for your support.

AUDUSD Daily Analysis - December 28, 2016 Forex Analysis

AUDUSD remains in downtrend from 0.7524, the rise from 0.7159 is likely consolidation of the downtrend. Resistance is at 1.7280, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.7000 area. Only break above 0.7280 resistance could signal completion of the downtrend.

For more short term forex analysis and info visit via AUDUSD Daily Analysis - December 28, 2016 . Thanks for your support.

GBPUSD Daily Analysis - December 28, 2016 Forex Analysis

GBPUSD remains in downtrend from 1.2774, the rise from 1.2228 is likely consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hour chart. As long as the channel resistance holds, the downtrend could be expected to resume, and further decline to 1.2000 area is still possible. Key resistance is at 1.2500, only break above this level could signal completion of the downtrend.

For more short term forex analysis and info visit via GBPUSD Daily Analysis - December 28, 2016 . Thanks for your support.

EURUSD Daily Analysis - December 28, 2016 Forex Analysis

EURUSD continued its sideways movement in a rang between 1.0352 and 1.0500. As long as 1.0500 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.1299 (Nov 9 high) and another fall towards 1.0200 could be expected after consolidation. On the downside, a break of 1.0500 resistance will indicate that lengthier consolidation for the downtrend is needed, then further rally to 1.0700 area could be seen.

For more short term forex analysis and info visit via EURUSD Daily Analysis - December 28, 2016 . Thanks for your support.