USDJPY Analysis.
USDJPY stays in a upward price channel on 4-hour chart, and remains in uptrend from 95.81, the fall from 100.60 could be treated as consolidation of the uptrend. As long as the channel support holds, the uptrend could be expected to resume, and one more rise to 101.50 area is still possible after consolidation. On the downside, a clear break below the channel support will indicate that the uptrend from 95.81 had completed at 100.60 already, then the following downward movement could bring price back to 95.00 zone.
USDCHF Analysis.
USDCHF stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9455, the rise from 0.9229 is likely consolidation of the downtrend. Initial resistance is located at the upper line of the channel, and the key resistance is at 0.9340, only break above this level could signal completion of the downtrend.
EURUSD Analysis.
EURUSD remains in uptrend from 1.3105, the fall from 1.3385 is likely consolidation of the uptrend. Initial support is at the lower line of the price channel on 4-hour chart, and the key support is at 1.3250, only break below this level could signal completion of the uptrend.
AUDUSD Analysis.
AUDUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 0.8892, the fall from 0.9390 could be treated as consolidation of the uptrend. Initial support is at the trend line, and the key support is at 0.9220, only break below this level could signal completion of the uptrend.
GBPUSD Analysis.
GBPUSD is facing the support of the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend from 1.5429 could be expected to resume, and one more rise to 1.6000 area is still possible. On the downside, a clear break below the trend line support will indicate that consolidation of the uptrend is underway, then the pair will find support around 1.5800.
USDCAD Analysis.
USDCAD continues its downward movement from 1.0559, and the fall extends to as low as 1.0275. Further decline is still possible, and next target would be at 1.0200 area. Resistance is at 1.0360, only break above this level will indicate that consolidation of the downtrend from 1.0568 is underway, then range trading between 1.0282 and 1.0380 could be seen.
