EURUSD Analysis.
EURUSD is in up trend and the fall form 1.5463 is treated as consolidation to the up trend. Further rally to 1.5600 area is still possible in a couple of days and a break of 1.5463 will confirm such case. Near term support is at 1.5250 followed by 1.5145, as long as 1.5145 support holds, up trend will continue.
AUDUSD Analysis.
AUDUSD formed a cycle top on 4-hour chart and the uptrend from 0.8512 might be completed at 0.9496 level. Deeper decline to 0.8700 area is expected, a break of 0.9217 previous low support will signal the resumption of the down trend, and the first target would be at 0.9120 area.
GBPUSD Analysis.
GBPUSD broke above 1.9971 previous high resistance and reached as high as 2.0215. Further rise to 2.0400 area to reach the next short term cycle top on 4-hour chart is still possible. Near term support is at 2.0020 and followed by the up trend line from 1.9361 to 1.9720.
USDJPY Analysis.
USDJPY is in down trend. Further fall to test 100.00 support is still possible after consolidation. Near term resistance is at 103.60 followed by 104.17, as long as 104.17 resistance holds, we’d expect down trend to continue.
USDCHF Analysis.
USDCHF is in down trend. Deeper decline to test 1.0000 support is still possible in a couple of days. Near term resistance is at 1.0330 followed by 1.0456, as long as this resistance holds, down trend will continue.
USDCAD Analysis.
USDCAD is in correction to the down trend. Rebound to 1.0050 area to reach the next short term cycle top on 4-hour chart is expected. Key support is at 0.9709, a break of this level will signal the resumption of the down trend.
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