AUDUSD Daily Analysis - September 28, 2016 Forex Analysis

AUDUSD's upward movement from 0.7441 extended to as high as 0.7695. Key support is now at 0.7602, as long as this level holds, the uptrend could be expected to continue, and further rise to test 0.7731 resistance is still possible. On the downside, a breakdown below 0.7602 support will indicate that the uptrend is complete, then the following downward movement could bring price back to 0.7400 zone.

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EURUSD Daily Analysis - September 28, 2016 Forex Analysis

EURUSD broke below 1.1200 support that we mentioned yesterday, indicating that the rebound from 1.1123 had completed at 1.1279 already. Another fall to retest 1.1123 support could be expected, a breakdown below this level will signal resumption of the downtrend from 1.1366 (Aug 18 high), then next target would be at 1.1000 area. Resistance is now at 1.1279, only break above this level will indicate that the sideways movement in a range between 1.1123 and 1.1326 is complete, then the following upward movement could bring price to 1.1500 zone.

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USDCAD Daily Analysis - September 27, 2016 Forex Analysis

USDCAD continued its upward movement from 1.3000, and the rise extended to as high as 1.3275. Further rise is still possible in a couple of days, and next target would be at 1.3300 area. Support is at 1.3130, only break below this level could signal completion of the uptrend.

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USDJPY Daily Analysis - September 27, 2016 Forex Analysis

USDJPY's downward movement from 104.31 extended to as low as 100.08. Further decline to test 99.52 (Aug 16 low) support is possible after a minor consolidation. Resistance is at 101.30, only break above this level could bring price back to 103.00 zone.

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AUDUSD Daily Analysis - September 27, 2016 Forex Analysis

AUDUSD broke below the bottom of the price channel on 4-hour chart, implying that the uptrend from 0.7441 had completed at 0.7674 already. Key support is at 0.7602, a breakdown below this level will confirm the completion of the uptrend, then the following downward movement could bring price back to 0.7400 zone. Resistance is at 0.7674, only break above this level could trigger another rise towards 0.8000.

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GBPUSD Daily Analysis - September 27, 2016 Forex Analysis

GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3445. As long as the trend line resistance holds, further decline to test 1.2865 (Aug 15 low) support is possible. On the upside, a clear break above the trend line resistance will indicate that the downtrend is complete, then the following upward movement could bring price back to 1.3300 - 1.3350 area.

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EURUSD Daily Analysis - September 27, 2016 Forex Analysis

EURUSD's bounce from 1.1123 extended to as high as 1.1279. Further rise to test 1.1326 resistance is possible after a minor consolidation. Near term support is at 1.1200, a breakdown below this level could bring price back to re-test 1.1123 support.

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