USDCAD Daily Analysis - February 22, 2017 Forex Analysis

USDCAD failed to break below 1.2968 support and stayed in the trading range between 1.2968 and 1.3211. Sideways movement in the trading range could be expected to continue in a couple of days.

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USDJPY Daily Analysis - February 22, 2017 Forex Analysis

USDJPY is forming a sideways consolidation in a range between 110.59 and 115.62. Another fall to test 111.59 support would likely be seen and a breakdown below this level will signal resumption of the downtrend from 118.66 (Dec 15, 2016 high), then next target would be at 110.00 zone.

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AUDUSD Daily Analysis - February 22, 2017 Forex Analysis

AUDUSD stays in a upward price channel on 4-hours chart. Near term support is located at the bottom of the channel. As long as the channel support holds, the uptrend from 0.7159 (Dec 26, 2016 low) could be expected to continue, and next target would be at 0.7800 area. Key support is at 0.7605, only break below this level could signal completion of the uptrend.

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GBPUSD Daily Analysis - February 22, 2017 Forex Analysis

GBPUSD continued its sideways movement in a range between 1.2346 and 1.2582. As long as 1.2582 resistance holds, the sideways move could be treated as consolidation of the downtrend from 1.2706, and further decline to 1.2000 area is still possible after consolidation.

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EURUSD Daily Analysis - February 22, 2017 Forex Analysis

EURUSD is facing 1.0521 support, a breakdown below this level will indicate that the downtrend from 1.0828 has resumed, then next target would be at 1.0400 area. Near term resistance is at 1.0600, only break above this level will indicate that lengthier consolidation for the downtrend is needed, then the following upward movement could bring price back to 1.0750 zone.

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