EURUSD Analysis.
EURUSD is now in uptrend from 1.3837, the fall from 1.4281 is treated as consolidation of uptrend. Range trading would likely be seen in a couple of days, and the trading range would be between 1.4050 and 1.4281. Resistance is at 1.4281, a break above this level will signal resumption of uptrend, then next target would be at 1.4450 area.
GBPUSD Analysis.
GBPUSD is now in uptrend from 1.5781. Further rise is still possible after a minor consolidation, and next target would be at 1.6300 area. Support is at 1.6080, as long as this level holds, uptrend will continue.
USDCHF Analysis.
USDCHF remains in downtrend from 0.8525. Further fall is still possible after a minor consolidation, and next target would be at 0.8000 area. Resistance is at 0.8200, only break above this level could indicate that a cycle bottom is being formed on 4-hour chart, then lengthier consolidation in a range between 0.8084 and 0.8250 could be seen.
AUDUSD Analysis.
After touching 1.0789 resistance, AUDUSD pulled back from 1.0798. However, the fall is treated as minor consolidation of uptrend from 1.0525, another rise towards 1.1011 previous high could be seen after consolidation.
USDJPY Analysis.
USDJPY might be forming a cycle bottom at 78.46 on 4-hour chart. Key resistance is at 79.60, a break above this level will confirm the cycle bottom, then further rally could be seen to 80.50 area. Support is at 78.46, only break below this level could trigger another fall to 78.00.
USDCAD Analysis.
USDCAD remains in downtrend from 0.9777. the rise from 0.9549 is treated as consolidation of downtrend. Another fall towards 0.9444 previous low could be seen after consolidation, and a breakdown below 0.9549 could signal resumption of downtrend.
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