USDCAD Daily Analysis – June 13, 2017 Forex Analysis

After consolidation, USDCAD broke below 1.3387 major support and continued its bearish movement from 1.3793. Further decline could be expected over the next several days and next target would be at around 1.3200. Near term resistance is at 1.3360, as long as this level holds, the downtrend will continue.

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USDJPY Daily Analysis – June 13, 2017 Forex Analysis

USDJPY remains in uptrend from 109.11, the pullback from 110.81 is likely correction of the uptrend. Another rise to test 110.81 resistance is possible after the correction, a break of this level could bring price to the next resistance level at 111.71. Support is at 109.11, only a breakdown below this level could trigger another … Continue reading "USDJPY Daily Analysis – June 13, 2017"

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AUDUSD Daily Analysis – June 13, 2017 Forex Analysis

AUDUSD is facing 0.7566 resistance, a break of this level will signal resumption of the uptrend from 0.7371, this could trigger another rise towards 0.7650. Near term support is at 0.7500, and the key support is at 0.7470, as long as these levels holds, the uptrend will continue.

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GBPUSD Daily Analysis – June 13, 2017 Forex Analysis

GBPUSD remains in downtrend from 1.3047, the rise from 1.2634 could be treated as consolidation of the downtrend. Further decline could be expected after a minor consolidation and next target would be at around 1.2500. Resistance is at 1.2850, only a break of this level could signal completion of the downtrend.

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EURUSD Daily Analysis – June 13, 2017 Forex Analysis

EURUSD stays in a descending price channel on its 4-hour chart, indicating that the pair remains in the short term downtrend from 1.1285. As long as the pair is in the channel, the downtrend could be expected to continue, and next target would be at around 1.1130. Near term resistance is at 1.1232, a break … Continue reading "EURUSD Daily Analysis – June 13, 2017"

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