EURUSD traded in a range between 1.3698 and 1.4152. Initial support is at 1.3860, as long as this level holds, another rise towards 1.4152 key resistance is expected later today, a break above this level could indicate that the uptrend from 1.2587 (Aug 24 low) has resumed, then further rise 1.4500 is possible. However, below 1.3860 will suggesting lengthier consolidation in the trading range is underway, then deeper decline towards 1.3698 could be seen.
Being contained by 0.9998 previous high resistance, AUDUSD pulled back from 0.9973, however another rise towards 0.9998 would more likely be seen later today, a break above this level could indicate that the upward movement from 0.8771 has resumed, then another rise towards 1.0100-1.0200 could be seen. Key support is at 0.9740, only break below this level could trigger another fall to 0.9400 area.
USDCHF might be forming a cycle top at 0.9804 level on 4-hour chart, key support is at 0.9572, a breakdown below this level will confirm the cycle top, then another fall to 0.9200 could be seen. On the upside, as long as 0.9572 level holds, one more rise to 0.9850-0.9900 area to reach next cycle top is still possible.
USDCAD’s downward move from 1.0372 extended to as low as 1.0153 level. Deeper decline is still possible later today, and next target would be at 1.0100-1.0130 area. However, as long as 0.9979 key support holds, the fall from 1.0372 is treated as correction of uptrend from 0.9979, another rise towards 1.0600 is still possible after correction.
GBPUSD stays in a trading range between 1.5649 and 1.5877. Key resistance is at 1.5877, as long as this level holds, the price action in the range is treated as consolidation of downtrend from 1.6105 and another fall towards 1.5400 is still in favor. However, a break above 1.5877 could indicate that the fall from 1.6105 has completed at 1.5649 already, and the uptrend from 1.5296 has resumed.
After a sideways consolidation, USDJPY continues its downward move from 85.92, and the fall extended to as low as 80.41 level. Deeper decline is still possible later today and next target would be at 80.00 area.