USDCAD Daily Analysis - March 3, 2017 Forex Analysis

USDCAD's upward movement from 1.3009 extended to as high as 1.3401. Further rise could be expected after a minor consolidation, and next target would be at 1.3500 area. Support is at 1.3300, as long as this level holds, the uptrend will continue.

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USDJPY Daily Analysis - March 3, 2017 Forex Analysis

USDJPY is facing 114.95 resistance, a break of this level will signal completion of the downtrend from 118.66 (Dec 15, 2016 high), then the following upward movement could bring price to 117.50 area. Support is at 113.45, only break below this level could bring price back to test 111.59 support.

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AUDUSD Daily Analysis - March 3, 2017 Forex Analysis

AUDUSD broke below 0.7605 key support, indicating that the uptrend from 0.7159 (Dec 26, 2016 low) had completed at 0.7740 already. Further decline could be expected after a minor consolidation and next target would be at 0.7400 area. Resistance is at 0.7600, as long as the pair is below this level, the downtrend will continue.

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GBPUSD Daily Analysis - March 3, 2017 Forex Analysis

GBPUSD's downward movement from 1.2569 extended to as low as 1.2241. Further decline could be expected after a minor consolidation, and next target would be at 1.2100 area. Resistance is at 1.2340, as long as this level holds, the downtrend will continue.

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EURUSD Daily Analysis - March 3, 2017 Forex Analysis

EURUSD is facing 1.0493 support, a breakdown below this level will signal resumption of the downtrend from 1.0828, then next target would be at 1.0400 area. Near term resistance is at 1.0550, only break above this level could bring price back to test the resistance of the top of the channel on 4-hour chart.

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