USDCAD is facing 1.3540 resistance. As long as this level holds, the price action from 1.3387 could be treated as consolidation of the downtrend from 1.3793 and another fall towards 1.3200 could be expected after the consolidation. On the upside, a clear break above 1.3540 resistance will indicate that the downtrend had completed at 1.3387 … Continue reading "USDCAD Daily Analysis – June 9, 2017"
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Thursday 8 June 2017
USDJPY Daily Analysis – June 9, 2017 Forex Analysis
USDJPY’s rise from 109.11 extended to as high as 110.38. Further rally is still possible and next target would be at around 111.00. Support is at 109.11, only a breakdown below this level could trigger another fall towards 108.13 (Apr 17 low).
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AUDUSD Daily Analysis – June 9, 2017 Forex Analysis
AUDUSD remains in uptrend from 0.7371, the fall from 0.7566 could be treated as consolidation for the uptrend. Range trading between 0.7500 and 0.7566 would likely be seen in a couple of days. Near term support is at 0.7500, as long as this level holds, the uptrend could be expected to resume, and next target … Continue reading "AUDUSD Daily Analysis – June 9, 2017"
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GBPUSD Daily Analysis – June 9, 2017 Forex Analysis
A sharp drop had taken the GBPUSD pair to 1.2700 area, indicting that the pair is now in downtrend from 1.3047. Further decline could be expected over the next several days, and next target would be at around 1.2600. Near term resistance is at 1.2850, as long as this level holds, the downtrend will continue.
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EURUSD Daily Analysis – June 9, 2017 Forex Analysis
EURUSD broke below 1.1200 support, indicating that lengthier consolidation for the uptrend from 1.0569 (Apr 10 low) is needed. Deeper decline could be expected in a couple of days, and the target would be at around 1.1130. Resistance is at 1.1285, only a break of this level could trigger another rise towards 1.1450.
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For more short term forex analysis and info visit via EURUSD Daily Analysis – June 9, 2017 . Thanks for your support.
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