USDJPY
As expected, USDJPY pulled back from 116.74 and topped on 4 hours chart. Further fall towards 114.67 previous low support to reach its cycle bottom is possible in the next several days. Key resistance is at 116.74, only break above this level may signal the resumption of the up trend.
USDCAD
USDCAD pulled back from 1.1317 and fell towards 1.1172 support. This support is more likely to be held and the up trend would resume after breaking above the near term resistance at 1.1317 level.
EURUSD
As expected, EURUSD rebounded from 1.2695 and bottomed on 4 hours chart. Further rise towards 1.2850 can be seen later today. Key support is now at 1.2695, only break below this level may signal the resumption of the down trend.
AUDUSD
AUDUSD’s down trend is limited by the up trend line drawing from 0.7269 to 0.7405, and rebounded from 0.7585 level. It would form a sideways consolidation in a range between 0.7563 and 0.7712.
GBPUSD
GBPUSD’s Down trend is limited by the up trend line support, and rebounded from 1.8841. It has bottomed on 4 hours chart. Further rise towards 1.9000 level can be seen later today. Key support is now at 1.8841, only break below this level may signal the resumption of the down trend.
USDCHF
As expected, USDCHF pulled back from 1.2444 and topped on 4 hours chart. Further fall towards 1.2250 level is possible in the next several days. Key resistance is at 1.2444, only break above this level may signal the resumption of the up trend.