GBPUSD Analysis.
GBPUSD breaks below the support of the upward trend line from 1.4831 to 1.5034, suggesting that the uptrend from 1.4831 (Mar 12 low) had completed at 1.5605 already. The pair is now in downtrend from 1.5605. Further decline would likely be seen over the next several days, and next target would be at 1.5150 area. Resistance is at 1.5450, only break above this level could trigger another rise towards 1.5800.
USDCAD Analysis.
USDCAD is in short term uptrend from 1.0013, the fall from 1.0151 is treated as correction of the uptrend. Further rally would likely be seen, and the target would be at 1.0200 area. Support levels are at 1.0060 and 1.0013, only break below these levels could trigger another fall towards 0.9500.
USDJPY Analysis.
USDJPY remains in uptrend from 98.58. Further rise would likely be seen, and next target would be at 104.00 area. Support is at 100.80, only break below this level will indicate that consolidation of the uptrend is underway, then pullback to 99.50 area is possible.
EURUSD Analysis.
After touching 1.2955 support, EURUSD rebounds from 1.2935, suggesting the the fall from 1.3242 has completed. Further rally would likely be seen, and next target would be at 1.3100 area. Support is at 1.2935, only break below this level could trigger another fall to 1.2850 zone.
USDCHF Analysis.
USDCHF pulls back from 0.9626, suggesting that the upward movement from 0.9247 has completed. Deeper decline is possible, and next target would be at 0.9450 – 0.9500 area. Resistance is at 0.9626, only break above this level could trigger another rise to 0.9700 zone.
AUDUSD Analysis.
AUDUSD’s downward movement from 1.0384 extends to as low as 0.9940. Resistance is at 1.0030, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.9900 area. On the upside, a break above 1.0030 resistance will indicate that consolidation of the downtrend is underway, then further rally to 1.0060 area could be seen.
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