USDCAD Analysis.
USDCAD stays in a trading range between 0.9925 and 1.0038, Key resistance is at 1.0038, as long as this level holds, the price action in the trading range is treated as consolidation of downtrend from1.0318, and one more fall towards 0.9800 area to complete the downward movement is still possible. On the upside, a break above 1.0038 will indicate that the fall from 1.0318 had completed at 0.9925 already, then further rise towards 1.0400 could be seen.
USDCHF Analysis.
USDCHF is facing 0.9262 key resistance, a break above this level will confirm that the downward movement from 0.9594 had completed at 0.9088 already, then further rise towards 0.9594 previous high could be seen.
EURUSD Analysis.
EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.
AUDUSD Analysis.
AUDUSD remains in downtrend from 1.0844. Another fall towards 1.0500 is expected later today. Initial resistance is at 1.0780, only break above this level could trigger another rise to test 1.0844 key resistance.
USDJPY Analysis.
USDJPY stays above a upward trend line on 4-hour chart, and remains in uptrend from 76.02. Further rise is still possible after a minor consolidation, and next target would be at 79.00 area. Support is at the trend line, only a clear break below the trend line could signal completion of the uptrend.
GBPUSD Analysis.
GBPUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.5928, the rise from 1.5645 is treated as consolidation of the downtrend. As long as the trend line resistance holds, downtrend could be expected to resume, and another fall to 1.5500 is still possible.
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