USDCAD Daily Analysis - January 30, 2017 Forex Analysis

Being contained by 1.3018 support, USDCAD rebounded from 1.3053. However, the bounce is likely consolidation of the downtrend from 1.3387, further decline to 1.2900 area is still possible after consolidation. Resistance is at 1.3230, only break above this level could signal completion of the downtrend.

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GBPUSD Daily Analysis - January 30, 2017 Forex Analysis

GBPUSD stays in the upward price channel on 4-hour chart, and remains in uptrend from 1.1986. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.2800 area. On the downside, a clear break below the channel support will indicate that the uptrend had completed at 1.2673 already, then the following downward movement could bring price back to test 1.1986 support.

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EURUSD Daily Analysis - January 30, 2017 Forex Analysis

EURUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.0340, and the fall from 1.0774 could be treated as consolidation of the uptrend. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.0900 area. Key support is at 1.0588, only break below this level could signal completion of the uptrend.

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