USDCAD Daily Analysis – June 28, 2017 Forex Analysis

After consolidation, USDCAD broke below 1.3164 support and continued its bearish movement from 1.3793 (May 5 high), and the fall extended to as low as 1.3147. Further decline could be expected during the coming days and next target would be at around 1.3050. Near term resistance is at 1.3260 and the key resistance is at … Continue reading "USDCAD Daily Analysis – June 28, 2017"

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USDJPY Daily Analysis – June 28, 2017 Forex Analysis

USDJPY’s bullish movement extended to as high as 112.46. Near term support is at 111.50, as long as this level holds, the uptrend from 108.81 could be expected to continue and next target would be at 113.50 area. Key support is at 110.95, only a breakdown below this level could signal completion of the uptrend.

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AUDUSD Daily Analysis – June 28, 2017 Forex Analysis

AUDUSD continued its sideways movement in a trading range between 0.7519 and 0.7635. As long as the pair is above 0.7519 key support, the sideways move could be treated as consolidation of the uptrend 0.7371, and another rise to 0.7700 area is still possible after the consolidation. On the downside, a breakdown below 0.7519 support … Continue reading "AUDUSD Daily Analysis – June 28, 2017"

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GBPUSD Daily Analysis – June 28, 2017 Forex Analysis

GBPUSD moved above 1.2817 resistance, indicating that the downtrend from 1.3047 had completed at 1.2589 already. Further rally would likely be seen and next target would be at 1.2950 area. Near term support is at the ascending trend line on its 4-hour chart, as long as the trend line support holds, the uptrend from 1.2589 … Continue reading "GBPUSD Daily Analysis – June 28, 2017"

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EURUSD Daily Analysis – June 28, 2017 Forex Analysis

After consolidation, EURUSD broke above 1.1295 resistance and continued its bullish movement from 1.0569 (Apr 10 low), and the rise extended to as high as 1.1349. Further rise could be expected after a minor consolidation and next target would be at 1.1450 area. Support is now at 1.1265, as long as this level holds, the … Continue reading "EURUSD Daily Analysis – June 28, 2017"

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