USDCAD Daily Analysis - January 10, 2017 Forex Analysis

USDCAD remains in downtrend from 1.3598, the rise from 1.3178 could be treated as consolidation of the downtrend. Resistance is at 1.3340, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.3100 area.

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AUDUSD Daily Analysis - January 10, 2017 Forex Analysis

AUDUSD remains in uptrend from 0.7159. Further rise could be expected and next target would be at 0.7450 area. Support is at 0.7287, only break below this level could signal completion of the uptrend.

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GBPUSD Daily Analysis - January 10, 2017 Forex Analysis

GBPUSD broke below 1.2199 support and continued its downward movement from 1.2774. Further decline could be expected, and next target would be at 1.2000 area. Resistance levels are at 1.2300 and 1.2432, only break above these levels could signal completion of the downtrend.

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EURUSD Daily Analysis - January 10, 2017 Forex Analysis

EURUSD is facing 1.0653 resistance, a break of this level will indicate that the pair is in uptrend from 1.0340, then further rise to 1.0800 area could be seen. Near term support is at 1.0475, only break below this level could trigger another fall towards 1.0200.

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