USDCAD Daily Analysis - February 17, 2017 Forex Analysis

USDCAD's downward movement from 1.3211 extended to as low as 1.3009. Further decline to test 1.2968 support is possible in a couple of days. Resistance is at 1.3120, a break of this level will indicate that the downtrend is complete, then the following upward movement could bring price to 1.3300 zone.

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USDJPY Daily Analysis - February 17, 2017 Forex Analysis

USDJPY failed to break above 115.62 resistance, indicating that the pair remains in downtrend from 118.66 (Dec 15, 2016 high), and the price action from 112.56 could be treated as consolidation of the downtrend. Further decline would likely be seen in a couple of days, 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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EURUSD Daily Analysis - February 17, 2017 Forex Analysis

EURUSD's rise from 1.0521 extended to as high as 1.0679. Further rise to 1.0700 - 1.0740 area would likely be seen after a minor consolidation. Resistance is at 1.0740, as long as this level holds, the rise would possibly be correction of the downtrend from 1.0828, another fall to 1.0400 area could be expected after correction.

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