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USDCAD remains in the downtrend from 1.3564, the bounce from 1.3240 is likely corrective consolidation for the downtrend. Another fall could be expected after the consolidation and a breakdown below 1.3240 support could take the price to 1.3000 area.
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USDJPY remains in the downtrend from 112.40, the bounce from 107.81 could be treated as consolidation for the downtrend. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected to continue and next target would be at 107.00 area. Only a clear break above …
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AUDUSD broke below 0.6864 support and extended its downside movement from 0.7205 to as low as 0.6861. Further decline could be expected in a couple of weeks and next target would be at 0.7650 area. Key resistance is at 0.7021, only break above this level could signal completion of the downtrend.
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GBPUSD is facing 1.2558 support, a breakdown below this level could signal resumption of the downtrend from 1.3381, then next target would be at 1.2400 area. Near term resistance is at 1.2762, a breakout of this level could bring the price back towards the bearish trend line on the daily chart.
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After touching the bearish trend line on the daily chart, EURUSD pulled back from 1.1347, indicating that the pair remains in the downtrend from 1.1570. Further decline could be expected in a couple of weeks and next target would be at 1.1000 area. Key resistance is now at 1.1347, only break above this level could …
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USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3240. As long as the channel support holds, the uptrend could be expected to continue and next target would be at 1.3400 area. Key support is at 1.3299, only a breakdown below this level could bring the price …
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USDJPY moved sideways in a trading range between 107.81 and 108.80. The sideways movement is likely consolidation for the downtrend from 112.40 (Apr 24 high). Further decline could be expected after the consolidation and next target would be at 107.00 area. Only break above 108.80 could signal completion of the downtrend.
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AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7021. As long as the channel resistance holds, the downside movement could be expected to continue and next target would be at 0.6864 support. Only break above the channel resistance could signal completion of the downtrend.
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GBPUSD is facing 1.2652 support. As long as this level holds, the sideways movement in a trading range between 1.2652 and 1.2762 could be treated as consolidation for the uptrend from 1.2558, one more rise to 1.2850 area is still possible after the consolidation. However, a breakdown below 1.2652 support would indicate that the upside …
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EURUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.1116 had completed at 1.1347 already. Further decline could be expected in the coming days and next target would be at 1.1200 area. Near term resistance is at 1.1300, only break above this level could trigger another rise …
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