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USDCAD rebounded strongly after touching 1.3376 support, suggesting that the pair remains in the uptrend from 1.3274, and the price action from 1.3520 could be treated as consolidation for the uptrend. Further rise towards 1.3520 resistance would likely be seen in the coming days.
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USDJPY is facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 110.67 could be treated as consolidation for the uptrend from 109.01, another rise towards 111.00 could be expected after the consolidation. On the downside, a breakdown below the trend line …
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AUDUSD is facing 0.6864 support, a breakdown below this level could trigger further downside movement towards 0.6800. Near term resistance is at 0.6895, above this level could bring the price back towards the top of the price channel on the 4-hour chart.
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GBPUSD’s downside movement from 1.3176 extended to as low as 1.2624. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.2550 area. Key resistance is at 1.2813, only break above this level could signal completion …
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EURUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.1263. As long as the channel resistance holds, the bounce from 1.1142 could be treated as consolidation for the downtrend, further decline towards 1.1110 support is still possible after the consolidation. Key resistance is at 1.1188, only break …
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USDCAD is facing 1.3376 support, a breakdown below this level could take the price to 1.3300 area. However, as long as 1.3376 support holds, the price action in the trading range between 1.3376 and 1.3520 could be treated as consolidation for the uptrend from 1.3274, one more rise towards 1.3600 is still possible.
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USDJPY broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 112.40 had completed at 109.01 already. Further rise could be expected and next target would be at 111.50 area. Key support is located at the rising trend line, only a clear break below this trend line support could …
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AUDUSD failed to break above the resistance of the price channel on the 4-hour chart, suggesting that the pair remains in the downtrend from 0.7068. Further decline could be expected and next target would be at 0.6800 area. Only break above the channel resistance could bring the price back to 0.7000 area.
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GBPUSD extended its downside movement from 1.3176 to as low as 1.2685. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.2600 area. Only break above the trend line resistance could signal completion of the …
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EURUSD failed to break above the bearish trend line on the 4-hour chart, suggesting that the pair remains in the downtrend from 1.1263. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 1.1110 support. Only a clear break above the trend line …
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