USDCHF Analysis.
USDCHF broke above 1.0526 (May 30 high). Pullback from 1.0539 is treated as consolidation to up trend. Near term support is at the up trend line from 1.0147 to 1.0301. As long as the trend line support holds, we’d expected up trend to resume and further rally to test 1.0623 (May 8 high) is still possible. Key support is located at 1.0301, only fall below this level will signal reversal to up trend.

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GBPUSD Analysis.
GBPUSD broke below 1.9461 support and reached as low as 1.9434. Further fall to test 1.9363 (May 14 low) is still possible later today. Long term key support is located at 1.9337 (Jan 22 low), a break down below this level will signal resumption of long term down trend.

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USDCAD Analysis.
USDCAD failed to test 1.0326 (Apr 1 high) and pulled back from 1.0322. A short term cycle top has been formed. Sideways consolidation in a range between 1.0070 and 1.0322 could be seen in in next several days.

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EURUSD Analysis.
EURUSD formed a short term cycle top at 1.5843 and dropped sharply to as low as 1.5440 level. Deeper decline is expected to test 1.5284 (May 8 low) support after consolidation. Initial resistance is at 1.5600 and key resistance is located at 1.5843, only break of the key resistance could signal reversal to down trend.

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EURUSD Analysis.
EURUSD broke above 1.5818 previous high resistance and pulled back sharply from 1.5843. A short term cycle top has been formed on 4-hour chart and the fall from 1.5843 is treated as resumption of down trend. Deeper decline is expected to retest 1.5365 level. Key resistance is now located at 1.5843, only break of this level will signal reversal to down trend.

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EURUSD Analysis.
EURUSD rebounded sharply from 1.5365 and is testing 1.5818 previous high resistance. Further rise to 1.5900 area to reach the next short term cycle top on 4-hour chart is expected in a couple of days. Initial support is at 1.5700 and followed by 1.5630. As long as 1.5630 support holds, up trend will continue.

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USDCHF Analysis.
USDCHF failed to test 1.0526 resistance and pulled back sharply from 1.0520 level. The pair is back to range trading between 1.0214 and 1.0526. Deeper decline to retest 1.0272 is still possible later today. Initial resistance is at 1.0526, only break of this level will signal resumption of up trend.

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USDCAD Analysis.
USDCAD rebounds sharply to as high as 1.0189, suggesting that the long term sideways consolidation from 1.0378 (Jan 22 high) has completed and long term up trend has resumed. Further rise to 1.0300 short term target is still possible in a couple of days. Near term support is at 1.0100, a break of this level will signal consolidation to the up trend.

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EURUSD Analysis.
EURUSD breaks below 1.5462 previous low support and down trend resumes. Deeper decline to test 1.5284 (May 8 low) is expected in a couple of days. Initial resistance is at the down trend line from 1.5818 to 1.5628 and followed by 1.5628 level. As long as 1.5628 resistance holds, down trend will continue.

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USDJPY Analysis.
USDJPY drops sharply from 105.87 and formed a short term cycle on 4-hour chart. The fall from 105.87 is treated as resumption of down trend. Deeper decline to test 102.73 previous low support is expected to follow in next several days. Near term resistance is at 105.00, as long as this resistance holds, down trend will continue.

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