USDCHF Analysis.
USDCHF’s bearish movement from 1.1548 extends further to as low as 1.1301 level. Deeper decline is still in favor and the next target is to test 1.1159 previous low support. Key resistance is now at 1.1505, above this level will suggest that a short term cycle bottom has been formed on 4-hour chart and then further rally could be seen to 1.1600-1.1700 area.

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USDCAD Analysis.
USDCAD remains in short term uptrend from 1.2191, and the price action in the trading range between 1.2501 and 1.2714 is treated as consolidation of the uptrend. As long as 1.2501 support holds, we’d expect the uptrend to resume and further rise towards 1.2800 zone is possible. However, below 1.2501 level will indicate that the rise from 1.2191 has completed at 1.2714 already, and the following downtrend will take price back to test 1.2191 support.

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GBPUSD Analysis.
As expected, GBPUSD breaks above the falling trend line resistance and has formed a short term cycle bottom at 1.4110 on 4-hour chart. Further rise to 1.4600 level is expected in a couple of days. Initial support is located at 1.4110, only fall below this level will indicate that the downtrend from 1.4779 has resumed, and then deeper decline could be seen to 1.3900 level.

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