EURUSD
EURUSD is in up trend, further rise towards 1.3850 to reach the next cycle top on 4 hours chart is still possible later today, and the next cycle top is nearing. Near term support is at 1.3755, a break below this level will signal consolidation to the up trend and pullback below the price channel support will be seen.
USDCHF
USDCHF formed a sideways consolidation in a narrow range. Further fall towards 1.1879 (2006 low) is still in favor after consolidation. Near term resistance is at the down trend line from 1.2338 to 1.2232, and as long as the trend line resistance holds, down trend will continue.
GBPUSD
GBPUSD is in up trend, the rise from 1.9621 extended to as high as 2.0493. Further rise towards 2.0600 is still possible later today. Near term support is at 2.0260 and followed by the up trend line from 1.9657 to 2.0056, and as long as the trend line support holds, up trend will continue.
USDCAD
USDCAD is in down trend, and further fall towards 1.0400 is still possible later today. On the other side, the short term cycle bottom on 4 hours chart is nearing, a break above 1.0500 will signal the consolidation to the down trend.
AUDUSD
No changed in our view, AUDUSD is in up trend, the rise from 0.8355 extended to as high as 0.8760, sharply rise towards 0.8800 is still possible in a couple of days. Near term support is at 0.8650, as long as this support holds, up trend will continue.
USDJPY
USDJPY bottomed at 122.96 on 4 hours chart, further rise towards 124.13 previous high is still in favor, and a break above this level will signal the resumption of the up trend. Near term support is at 120.96, only break below this level will indicate lengthier correction to the up trend.
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