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the forex analysis 30/4/2014 *LINK* *PIC*

EURUSD remains in downtrend from 1.3905, the rise from 1.3785 could be treated as consolidation of the downtrend. Resistance is now at 1.3879, as long as this level holds, the downtrend could be expected to resume, and one more fall to 1.3750 area to complete the downward movement is still possible. Only break above 1.3879 resistance could trigger another rise towards 1.4000.

GBPUSD stays in a trading range between 1.6762 and 1.6857. As long as 1.6762 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.6465, one more rise to 1.7000 area is still possible. On the downside, a breakdown below 1.6762 support will indicate that the uptrend from 1.6465 had completed at 1.6857 already, then the following downward movement could bring price to 1.6000 zone.

AUDUSD remains in downtrend from 0.9461. As long as 0.9316 resistance holds, the downtrend could be expected to continue, and next target would be at 0.9180 area. On the upside, a break above 0.9316 will indicate that the downtrend from 0.9461 had completed, then the following upward movement could bring price to 0.9550 zone.