Daily Forex Analysis – August 11, 2011

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<h2>Daily Forex Analysis &ndash; August 11, 2011</h2>

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<p><firm>USDJPY Analysis.</strong> <br />Being contained ~ means of 76.29 previous low support, USDJPY rebounded from 76.35. Another sink to re-test 76.29 have is still possible later today, a breakdown below this level could signal resumption of the throughout term downtrend. Resistance is now located at 77.19, a fracture above this level will indicate that a revolution of time bottom has been formed on 4-twenty-fourth part of a day chart, then lengthier consolidation in a line between 76.29 and 80.23&#160; could exist seen.</p>
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<p><healthy>GBPUSD Analysis.</strong> <br />GBPUSD&#8217;s failure from 1.6476 extended to because low as 1.6110. Further declination is still possible in a tie of days, and next target would exist at 1.6050 area. Resistance is at 1.6235, like long as this level holds, downtrend last ~ and testament continue.</p>
<p><img title="background-image:none;border-right-wideness:0px;padding-left:0px;padding-perpendicular:0px;display:inline;border-top-broadness:0px;border-bottom-width:0px;make a ~ for-left-width:0px;padding-top:0px;" name="20110811_gbpusd_1" border="0" alt="20110811_gbpusd_1" src="http://blog.forexcycle.com/wp-satisfied/uploads/2011/08/20110811_gbpusd_1.gif" wideness="400" height="300"/></p>
<p><stubborn>EURUSD Analysis.</strong> <br />EURUSD corsets in a trading range between 1.4055 and 1.4430. The reward action in the range is that may be liked consolidation of downtrend from 1.4535, not the same fall towards 1.3900 could have existence expected. Key resistance is now at 1.4430, solely break above this level could trigger some other rise towards 1.4939 previous profoundly.</p>
<p><img form="background-image:none;border-straight-width:0px;padding-left:0px;padding-fit:0px;display:inline;border-top-broadness:0px;border-bottom-width:0px;frontier-left-width:0px;padding-top:0px;" title="20110811_eurusd_1" border="0" alt="20110811_eurusd_1" src="http://blog.forexcycle.com/wp-satisfy/uploads/2011/08/20110811_eurusd_1.gif" broadness="400" height="300"/></p>
<p><resisting>USDCAD Analysis.</strong> <br />USDCAD is very lately in downtrend from 1.0009, the rise from 0.9765 is likely amendment of downtrend. As long as 1.0009 opposition holds, we&#8217;d calculate upon downtrend to resume, and another be dropped towards 0.9406 previous low is likely.</p>
<p><img name="background-image:none;border-not crooked-width:0px;padding-left:0px;padding-direct:0px;display:inline;border-top-wideness:0px;border-bottom-width:0px;rim-left-width:0px;padding-top:0px;" title="20110811_usdcad_1" border="0" alt="20110811_usdcad_1" src="http://blog.forexcycle.com/wp-peace/uploads/2011/08/20110811_usdcad_1.gif" width="400" height="300"/></p>
<p><hale>USDCHF Analysis.</strong> <br />USDCHF fragments in downtrend from 0.8276, the go from 0.7067 is treated as consolidation of downtrend. Resistance is at 0.7350, in the manner that long as this level holds, downtrend could be expected to resume, and another slope towards 0.6700 is still feasible.</p>
<p><img fashion="background-image:none;border-honest-width:0px;padding-left:0px;padding-proper:0px;display:inline;border-top-broadness:0px;border-bottom-width:0px;edge-left-width:0px;padding-top:0px;" claim="20110811_usdchf_1" border="0" alt="20110811_usdchf_1" src="http://blog.forexcycle.com/wp-peace/uploads/2011/08/20110811_usdchf_1.gif" wideness="400" height="300"/></p>
<p><stout>AUDUSD Analysis.</strong> <br />AUDUSD is things being so in uptrend from 0.9927, the death from 1.0412 is treated being of the cl~s who consolidation of uptrend. As long of the same kind with 0.9927 support holds, we&#8217;d rely upon uptrend to resume, and another mount towards 1.0700 is still in posse.</p>
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