USDCAD Daily Analysis - January 26, 2017 Forex Analysis

USDCAD broke below 1.3240 support, indicating that the pair is back in downtrend. Further decline could be expected over the next several days, and next target would be at 1.2900 area. Resistance is at 1.3230, as long as this level holds, the downtrend will continue.

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USDJPY Daily Analysis - January 26, 2017 Forex Analysis

USDJPY remains in downtrend from 118.60, the price action from 112.56 is likely consolidation of the downtrend. Near term resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 110.00 area. Key resistance is at 115.62, only break above this level could signal completion of the downtrend.

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AUDUSD Daily Analysis - January 26, 2017 Forex Analysis

AUDUSD's upward movement from 0.7159 extended to as high as 0.7608. Further rise could be expected after a minor consolidation, and next target would be at 0.7700 area. Support is now at 0.7493, only break below this level will indicate that the uptrend had completed at 0.7608 already, then the following downward movement could bring price back to 0.7350 area.

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GBPUSD Daily Analysis - January 26, 2017 Forex Analysis

GBPUSD continued its upward movement from 1.1986 and the rise extended to as high as 1.2647. Near term support is at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 1.2800 area. Key support is at 1.2418, only break below this level could signal completion of the uptrend.

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EURUSD Daily Analysis - January 26, 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 uptrend could be expected to continue and next target would be at 1.0850 area. Only a clear break below the trend line support could signal completion of the uptrend.

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