AUDUSD Daily Analysis - December 13, 2016 Forex Analysis

AUDUSD broke above 0.7508 resistance and continued its upward movement from 0.7369. Further rise could be expected and next target would be at 0.7600 area. Support level is at 0.7428, only break below this level could signal completion of the uptrend.

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GBPUSD Daily Analysis - December 13, 2016 Forex Analysis

GBPUSD is facing 1.2700 resistance, a break of this level could signal resumption of the uptrend from 1.2302, then next target would be at 1.2900 area. Key support is now at 1.2548, a breakdown below this level will confirm that the uptrend had completed at 1.2774 already, then the following downward movement could bring price to 1.2000 zone.

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EURUSD Daily Analysis - December 13, 2016 Forex Analysis

EURUSD failed to break below 1.0505 support and rebounded to 1.0650 area. However another fall to test 1.0505 support is still possible, a breakdown below this level will signal resumption of the downtrend from 1.1299, then next target would be at 1.0400 area. Resistance is at 1.0680, only break above this level could trigger another rise to 1.0950 zone.

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USDCAD Daily Analysis - December 12, 2016 Forex Analysis

USDCAD stays in the downward price channel on 4-hour chart and remains in downtrend from 1.3536. Further decline could be expected and next target would be at 1.3000 area. Resistance is located at the top of the price channel, only a clear break above the channel resistance could signal completion of the downtrend.

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USDJPY Daily Analysis - December 12, 2016 Forex Analysis

USDJPY broke above 114.82 resistance and continued its upward movement from 101.18. Further rise could be expected over the next several days, and next target would be at 117.00 area. Support is now at 112.83, only break below this level could signal completion of the uptrend.

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AUDUSD Daily Analysis - December 12, 2016 Forex Analysis

AUDUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 0.7369 had completed at 0.7508 already. The pair is now in downtrend, further decline could be expected and next target would be at 0.7350 area. Resistance is at 0.7480, only break above this level could trigger another rise to 07600 zone.

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GBPUSD Daily Analysis - December 12, 2016 Forex Analysis

GBPUSD broke below the bottom of the price channel on 4-hour chart, and is now in downtrend from 1.2774. Further decline would likely be seen in a couple of days, and next target would be at 1.2450 area. Resistance is at 1.2700, only break above this level could trigger another rise towards 1.2900.

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