USDJPY Analysis.
USDJPY is in short term uptrend, and the rise from 89.72 extends to 94.61 level. As long as 92.83 level holds, we’d expect uptrend to continue, and the short term target would be at 96.00 zone. However, below 92.83 will signify that the rise from 87.13 has completed, and then deeper decline could be seen to retest 87.00 support.

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AUDUSD Analysis.
AUDUSD breaks above 0.7140 previous high resistance, and is forming a sideways consolidation above 0.7062. As long as this level holds, we’d expect uptrend to resume and further rally is possible to 0.7300 zone in a couple of days. However, below 0.7062 will signal deeper decline to test the support of the up trend line from 0.6292 (Dec 5, 2008 low) to 0.6848.

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USDCAD Analysis.
USDCAD traded in a range between 1.1984 and 1.2394 for a couple of weeks. Fall to test 1.1984 could be seen later today. A break below this level will signal deeper decline towards 1.1820 key support, below this level will indicate that price action from 1.1820 is consolidation of medium downtrend and then deeper decline could be seen to 1.1600 zone.

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EURUSD Analysis.
EURUSD is testing 1.3825 support, a break down below this level will signal deeper decline towards 1.3500 zone. However, as long as 1.3825 support holds, we’d expect one more rise to retest 1.4360 resistance. Initial resistance is located at 1.4100, rise above this level will confirm the resumption of short term up trend.

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