USDCAD stays in a trading range between 1.1221 and 1.1448. The price action in the trending range is treated as consolidation of uptrend from 1.0784, and further rally is still possible to 1.1550 zone after consolidation. On the other side, the pair could be forming a short term cycle top at 1.1448 level on 4-hour chart. Key support is now located at 1.1221, a break down below this level will confirm the cycle top and indicate that the uptrend from 1.0784 has completed at 1.1448 level already, then the following downtrend will take price back to re-test 1.0784 previous low support.
EURUSD might be forming a short term cycle top at 1.4011 level on 4-hour chart. Key support is now located at 1.3871, a break below this level will confirm the cycle top and indicate that the rebound from 1.3748 has completed, then deeper decline could be seen to re-test 1.3748 support. If 1.3871 key support holds, further rally is expected to 1.4080-1.4100 area.
GBPUSD remains in range trading between 1.5801 and 1.6662. Pullback to 1.6000 zone would more likely be seen before breaking above 1.6662 level, and a break below 1.6187 key support will confirm such case. However, above 1.6662 previous high resistance will indicate that the medium term uptrend from 1.3654 (Mar 11 low) has resumed, then the next target would be at 1.7000 level.
USDCHF is forming a triangle pattern on 4-hour chart. Rebound is expected before breaking below the lower border of the triangle pattern and one more rise towards 1.2000 zone is possible. Key support is now at 1.0650, only drop below this level will indicate that the medium term downtrend from 1.1740 has resumed.
AUDUSD remains in the trading range between 0.7827 and 0.8263. The price action in the trading range is treated as consolidation of uptrend from 0.6284 and further rally to 0.8150 zone would more likely be seen later today. Near term support is now at 0.7849, only fall below this level will signal deeper decline to 0.7700-0.7750 area.
USDJPY is forming a short term cycle top at 97.18 level on 4-hour chart. Key support is now at 95.51, a break down below this level will confirm the cycle top and indicate that the downtrend from 98.88 has resumed, then deeper decline could be seen to 94.00-94.50 area.