USDCAD Daily Analysis – September 17, 2019

USDCAD moved sideways in a trading range between 1.3283 and 1.3209. As long as 1.3209 support, the price action in the range could be treated as consolidation for the uptrend from 1.3133, further rise to 1.3320 area is still possible. On the downside, a breakdown below 1.3209 support would indicate that the upside movement had completed at 1.3283 already, then another fall towards 1.3100 could be seen.

USDCAD 4-hour chart

USDJPY Daily Analysis – September 17, 2019

USDJPY extended its upside movement from 105.73 to as high as 108.36. As long as 107.50 support holds, the upside movement could be expected to continue and next target would be at 109.00 area. On the other side, a breakdown below 107.50 support would indicate that the upside movement had completed at 108.25 already, then deeper decline towards 106.70 could be seen.

USDJPY 4-hour chart

AUDUSD Daily Analysis – September 17, 2019

AUDUSD is testing 0.6837 support, a breakdown below this level would indicate that the upside movement from 0.6687 had completed at 0.6894 already, then deeper decline to 0.6760 area could be seen. On the upside, as long as 0.6837 support holds, the fall from 0.6894 would possibly be consolidation for the uptrend, one more rise to 0.6950 area is still possible.

AUDUSD 4-hour chart

GBPUSD Daily Analysis – September 17, 2019

GBPUSD stays in rising price channel on the 4-hour chart and remains in the uptrend from 1.1958. As long as the channel support holds, the pullback from 1.2505 could be treated as consolidation for the uptrend, a breakout of 1.2505 resistance could trigger another rise to 1.2600 area. Key support is at 1.2283, only break below this level could signal completion of the uptrend.

GBPUSD 4-hour chart

USDJPY Daily Analysis – September 16, 2019

USDJPY moved sideways in a trading range between 107.50 and 108.25. As long as 107.50 support holds, the sideways movement could be treated as consolidation for the uptrend from 105.73, further rise to 109.00 area is still possible after the consolidation. On the downside, a breakdown below 107.50 support would indicate that the upside movement had completed at 108.25 already, then the pair would find next support level at 107.00, followed by 106.70.

USDJPY 4-hour chart

USDCAD Daily Analysis – September 16, 2019

USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3133. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 1.3300 area. On the downside, a clear break below the channel would indicate that the upside movement is complete, then deeper decline towards 1.3000 could be seen.

USDCAD 4-hour chart

AUDUSD Daily Analysis – September 16, 2019

AUDUSD moved sideways in a trading range between 0.6837 and 0.6894. As long as 0.6837 support holds, the upside movement could be expected to resume, further rise to 0.6950 area is still possible. On the downside, a breakdown below 0.6837 support would indicate that the upside movement had completed at 0.6894 already, then deeper decline to 0.6760 area could be seen.

AUDUSD 4-hour chart