USDCHF Analysis.
Being contained by the upper border of the rising price channel on 4-hour chart, USDCHF pulls back from 1.0794, suggesting that a short term cycle top is being formed. Sideways movement is more likely be seen later today and bottom of the channel would be tested by the end of the sideways movement. However, as long as the channel support holds, the price action from 1.0794 is treated as consolidation of uptrend from 1.0132, one more rise towards 1.0900 is possible after consolidation.

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USDCHF Analysis.
USDCHF’s uptrend extended to as high as 1.0794 level and reached the upper border of the rising price channel on 4-hour chart. Minor consolidation would more likely be seen later today. However, further rally is still expected after consolidation and next target would be at 1.0900-1.1000 area. Support is at the bottom of the channel now at 1.0560, only fall below this level could indicate that the rise from 1.0132 has completed.

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EURUSD Analysis.
EURUSD drops sharply from 1.4026 and reaches the lower border of the falling price channel on 4-hour chart. Minor consolidation of downtrend could be expected later today, however, another fall towards 1.3600 is still possible after consolidation. Resistance remains a the top of the price channel, only a clear break above the channel resistance could indicate that the fall from 1.4579 has completed.

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GBPUSD Analysis.
GBPUSD has consolidated above 1.5829 support for several days. Lengthier consolidation is still possible later today. However, a break down below 1.5829 key support will indicate that the downtrend from 1.6456 has resumed, then deeper decline could be seen to 1.5500 area. Resistance is now at 1.6068, only rise above this level could take price back to 1.6200 area.

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USDCAD Analysis.
USDCAD has reached 1.0556 support, a breakdown below this level will indicate that the uptrend from 1.0224 has completed at 1.0720 already, then the following downtrend could take price back to 1.0450 area. However, as long as 1.0556 support holds, the price action from 1.0691 is treated as consolidation of uptrend, and one more rise towards 1.0800 is still possible after consolidation.

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USDCAD Analysis.
USDCAD’s bounce from 1.0556 extended to as high as 1.0720 only. The subsequent pullback suggests lengthier consolidation of uptrend from 1.0224 is underway. More sideways movements are expected in a couple of days. As long as 1.0556 support holds, we’d expected uptrend to resume and one more rise towards 1.0800 is still possible. However, a breakdown below 1.0556 key support will indicate that the rise from 1.0224 has completed at 1.0720 level already, then the following downtrend could take price  to 1.0450 area.

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USDJPY Analysis.
After touching the falling trend line from 93.75 to 91.87, USDJPY pulled back from 90.91. One more fall towards 88.50 area is still possible in a couple of days. Key resistance is now at 90.91, only a break above this level will indicate that the fall from 93.75 has completed at 89.13 already, then the following uptrend could take price back to re-test 93.75 previous high resistance.

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USDCAD Analysis.
USDCAD broke below the rising price channel on 4-hour chart and formed a short term cycle top at 1.0691 level. Now the price action from 1.0691 is treated as consolidation of uptrend. As long as 1.0691 resistance holds, sideways movement is expected to continue, however, a clear break above 1.0691 level will suggest that a cycle bottom has been formed at 1.0556 level and the uptrend from 1.0224 has resumed, then next target would be at 1.0800 area.

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