USDCAD Daily Analysis – June 26, 2017 Forex Analysis

USDCAD is in consolidation of the downtrend from 1.3793. Range trading between 1.3164 and 1.3400 would likely be seen over the next several days. Resistance is at 1.3400, as long as the pair is below this level, the downtrend could be expected to resume, and further decline to 1.3050 area is still possible after the … Continue reading "USDCAD Daily Analysis – June 26, 2017"

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USDJPY Daily Analysis – June 26, 2017 Forex Analysis

USDJPY continued its sideways movement in a trading range between 110.64 and 111.78. Support level is at 110.64, as long as this level holds, the uptrend from 108.81 could be expected to continue and next target would be at 113.00 area. However, a breakdown below 110.64 support will signal completion of the uptrend, then the … Continue reading "USDJPY Daily Analysis – June 26, 2017"

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AUDUSD Daily Analysis – June 26, 2017 Forex Analysis

AUDUSD remains in uptrend from 0.7371, the fall from 0.7635 is likely consolidation of the uptrend. Key support is at 0.7519, as long as this level holds, the uptrend could be expected to resume, and further rise to 0.7700 area is still possible. On the downside, a breakdown below 0.7519 support will indicate that the … Continue reading "AUDUSD Daily Analysis – June 26, 2017"

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GBPUSD Daily Analysis – June 26, 2017 Forex Analysis

GBPUSD stays in a falling price channel on its 4-hour chart and remains in downtrend from 1.3047. As long as the pair is in the channel, the bounce from 1.2589 could be treated as consolidation of the downtrend, and another fall to 1.2450 area could be expected after the consolidation. Key resistance is at 1.2817, … Continue reading "GBPUSD Daily Analysis – June 26, 2017"

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EURUSD Daily Analysis – June 26, 2017 Forex Analysis

EURUSD failed to break below 1.1109 support and stays in the trading range between 1.1109 and 1.1295. As long as the pair is above 1.1109 support, the price action in the trading range could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low), and another rise towards 1.1450 could be expected after … Continue reading "EURUSD Daily Analysis – June 26, 2017"

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