AUDUSD Daily Analysis - November 29, 2016 Forex Analysis

AUDUSD's upward movement from 0.7310 extended to as high as 0.7497. Resistance is at 0.7550, as long as this level holds, the rise would possibly be correction of the downtrend from 0.7778, another fall to 0.7200 area is still possible after correction.

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GBPUSD Daily Analysis - November 29, 2016 Forex Analysis

GBPUSD's bounce from 1.2302 had completed at 1.2531 already. The subsequent fall is likely resumption of the downtrend from 1.2673. Further decline would likely be seen over the next several days, and the target would be at 1.2000 area.

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EURUSD Daily Analysis - November 29, 2016 Forex Analysis

EURUSD broke above 1.0657 resistance, indicating that the downtrend from 1.1299 had completed at 1.0518 already. Further rally is possible in a couple of days, and the target would be at 1.0800 area. Resistance is now at 1.0800, as long as this level holds, the downtrend could be expected to resume, and another fall to test 1.0462 (Mar 13, 2015 low) support is still possible.

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USDCAD Daily Analysis - November 28, 2016 Forex Analysis

USDCAD remains in downtrend from 1.3588, the rise from 1.3377 is likely consolidation of the downtrend. Another fall to 1.3250 area to complete the downward movement is possible.

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USDJPY Daily Analysis - November 28, 2016 Forex Analysis

USDJPY broke below the upward trend line on 4-hour chart, indicating that consolidation of the uptrend from 101.18 is underway. Range trading between 109.00 and 113.89 would likely be seen over the next several days. Support is at 109.00, as long as this level holds, the uptrend could be expected to resume, and further rise to 120.00 area is still possible after consolidation.

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AUDUSD Daily Analysis - November 28, 2016 Forex Analysis

AUDUSD broke above 0.7444 resistance, indicating that the downtrend from 0.7778 had completed at 0.7310 already. Range trading between 0.7310 and 0.7500 is possible over the next several days. Resistance is at 0.7500, as long as this level holds, the downtrend from 0.7778 could be expected to resume, and further decline to 0.7200 area is still possible.

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GBPUSD Daily Analysis - November 28, 2016 Forex Analysis

GBPUSD remains in downtrend from 1.2673, the rise from 1.2302 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and the target would be at 1.2000 area.

For more short term forex analysis and info visit via GBPUSD Daily Analysis - November 28, 2016 . Thanks for your support.