USDCAD

The down trend line resistance is broken above, USDCAD bottomed at 1.1563 on 4 hours chart. Further rise above 1.1714 previous high to reach the next cycle top can be seen in the next several days. Near term support is at 1.1563, a break below this level may signal the resumption of the down trend.

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EURUSD

EURUSD is in up trend and further rise towards 1.3300 level to reach the next cycle top on 4 hours chart is still possible in the next several days. Near term support is at 1.3150 and followed by the up trend line from 1.2939 to 1.3079, only break below the up trend line may delay the resumption of the up trend.

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EURUSD

Previous high resistance at 1.3187 is broken above, EURUSD bottomed at 1.3079 on 4 hours chart, and the up trend from 1.2865 (the day low of Jan 12) resumes. Further rise towards 1.3250 level can be seen later today. Near term support is at the up trend line from 1.2939 to 1.3079, and followed by 1.3079 level.

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EURUSD

EURUSD broke below 1.3092 support and rebounded from 1.3079. The pair may be bottoming on 4 hours chart, key resistance is at 1.3187, a break above this level will confirm the cycle bottom. Near term support is at 1.3079, only fall below this level may delay the resumption of the up trend.

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EURUSD

EURUSD moves without trend in a narrow range between 1.3092 and 1.3187 for several days. Further rise towards 1.3296 (the day high of Jan 2) can be expected later this week. A break above 1.3187 will signal the resumption of the up trend. Near term support is at 1.3110 and followed by 1.3092, as long as 1.3092 level holds, up trend will continue.

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EURUSD

EURUSD is in correction to the up trend, further fall to test 1.3092 previous low can be seen later today, and this level will more likely be held. Up trend will resume after this correction, and rise towards 1.3296 (the day high of Jan 2) can be expected in the next several days. Near term support is at 1.3092, only break below this level may delay the resumption of the up trend.

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AUDUSD

AUDUSD is in up trend, further rise towards 0.7936 (the day high of Jan 23) to reach the next cycle top on 4 hours chart can be expected in the next several days. Near term support is at 0.7845 and followed by 0.7825. Near term resistance is at 0.7886, a break above this level will signal the resumption of the up trend.

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EURUSD

EURUSD is in up trend and further rise towards 1.3296 previous high is still possible after a slightly correction. Near term support is at 1.3115 and followed by 1.3070, only break below 1.3115 may delay the resumption of the up trend.

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EURUSD

EURUSD broke above the key resistance at 1.3062 previous high and reached 1.3149, suggesting the medium term bullish movement is underway. More sharply rise towards 1.3296 previous high can be expected in the next several days. Near term support is at 1.3020, only break below this level may signal the reversal of the up trend.

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USDCAD

As expected, USDCAD’s fall from 1.1874 extended to as low as 1.1658, and further decline below 1.1644 previous low to reach the next cycle bottom can still be expected in the next several days. Near term resistance is at the down trend line from 1.1767, and only break above the key resistance at 1.1767 may signal the reversal to the down trend.

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