USDJPY Analysis
USDJPY formed a short term cycle bottom at 107.89 on 4-hour chart. Further rebound towards 112.00 area is still possible in a couple of days. Key support is at 107.89, only break below this level will signal the resumption of the down trend.
USDCAD Analysis
USDCAD is in up trend, and the rise from 0.9756 extended to as high as 1.0120. Further rally towards 1.0248 previous high is expected. Near term support is at 0.9965, as long as this support holds, up trend will continue.
EURUSD Analysis
EURUSD is forming a sideways consolidation to the up trend. Pullback towards 1.4581 previous low is still possible in a couple of days, and as long as this level holds, we’d expect up trend to continue.
AUDUSD Analysis
AUDUSD broke above 0.8846 key resistance, and formed a short term cycle bottom at 0.8682 on 4-hour chart. Further rise towards 0.8950 may be expected. Key support is now at 0.8682, only break below this level will signal the resumption of the down trend.
GBPUSD Analysis
GBPUSD is in down trend, the fall from 2.0099 extended to as low as 1.9552. Further fall towards 1.9300 area is expected. Near term resistance is at 1.9849, as long as this resistance holds, down trend will continue.
USDCHF Analysis
USDCHF formed a short term cycle bottom at 1.1017 level on 4-hour chart. Further rise towards 1.1300 area is still possible in a couple of days. Key support is at 1.1017. Only break below this level will signal the resumption of the down trend.
More long term forex analysis.