USDCAD Daily Analysis - January 20, 2017 Forex Analysis

USDCAD remains in uptrend from 1.3018, the fall from 1.3353 is likely consolidation of the uptrend. Further rise could be expected after consolidation and next target would be at 1.3500 area. Support is at 1.3150, only break below this level could trigger another fall towards 1.2800.

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USDJPY Daily Analysis - January 20, 2017 Forex Analysis

USDJPY broke above the downward trend line on 4-hour chart, indicating that the downtrend from 118.60 had completed at 112.56 already. Further rise could be expected and next target would be at 117.50 area. Near term support is at 113.70, only break below this level could trigger another fall towards 110.00.

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AUDUSD Daily Analysis - January 20, 2017 Forex Analysis

AUDUSD failed to break below the upward trend line on 4-hour chart, and continued its upward movement from 0.7159. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 0.7700 area. Key support is at 0.7448, only break below this level could signal completion of the uptrend.

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GBPUSD Daily Analysis - January 20, 2017 Forex Analysis

GBPUSD remains in uptrend from 1.1986, the fall from 1.2415 could be treated as consolidation of the uptrend. Support is at 1.2180, as long as this level holds, the uptrend could be expected to resume, and further rise to 1.2650 area is possible.

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EURUSD Daily Analysis - January 20, 2017 Forex Analysis

EURUSD stays above the upward trend line on 4-hour chart and remains in uptrend from 1.0340. As long as the trend line support holds, the fall from 1.0719 could be treated as consolidation of the uptrend. Further rise is still possible after consolidation and next target would be at 1.0800 area. Only a clear break below the trend line support could signal completion of the uptrend.

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