USDCAD Daily Analysis – December 20, 2019

USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.3327. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 1.3050 area. Key resistance is now at 1.3184, only break above this level could signal … Continue reading “USDCAD Daily Analysis – December 20, 2019”

AUDUSD Daily Analysis – December 20, 2019

AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.6754. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 0.6920, followed by 0.7000. Key support is at 0.6838, only break below this level could … Continue reading “AUDUSD Daily Analysis – December 20, 2019”

AUDUSD Daily Analysis – December 19, 2019

AUDUSD failed to break below the support of the rising trend line on the 4-hour chart and rebounded from 0.6838. Further rally could be expected in the coming days and next target would be at 0.6920 area. Key support is at 0.6838, only break below this level would indicate that the upside movement from 0.6754 … Continue reading “AUDUSD Daily Analysis – December 19, 2019”

EURUSD Daily Analysis – December 19, 2019

EURUSD broke below the rising price channel on the 4-hour chart and is now facing 1.1103 support. A breakdown below this level would confirm that the upside movement from 1.0981 had completed at 1.1199 already, then the pair would find next support level at around 1.1050. On the upside, as long as 1.1103 support holds, … Continue reading “EURUSD Daily Analysis – December 19, 2019”