USDCAD Analysis.
USDCAD is moving to the next short term cycle top on 4-hour chart and the next cycle top is nearing. Pullback would more likely be seen before breaking above 1.0933 resistance. Key support is now located at 1.0755, a break below this level will confirm the cycle top, then deeper decline could be seen to re-test 1.0632 previous low support. However, above 1.0933 will indicate that the downtrend from 1.1723 has completed at 1.0632 level already.

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EURUSD Analysis.
EURUSD remains in uptrend from 1.4007 and the price action from 1.4444 is treated as consolidation of uptrend. Near term support is now at 1.4250, as long as this level holds, we’d expect the uptrend to resume and further rise towards 1.4600 is still possible after consolidation . However, below 1.4250 level will indicate that a short term cycle top has been formed at 1.4447, then deeper decline could be seen to 1.4150 zone.

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USDCAD Analysis.
Being contained by the falling trend line from 1.1113 to 1.0933, USDCAD drops from 1.0783, suggesting that a short term cycle top is being formed on 4-hour chart. Deeper decline is expected to test 1.0632 previous low support later today, a break down below this level will confirm the cycle top and signal deeper decline to 1.0500 zone. Near term resistance is at the falling trend line now at 1.0765, above this level will indicate that lengthier consolidation of downtrend is underway.

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USDJPY Analysis.
Being contained by the lower border of the rising price channel, USDJPY rebound sharply from 94.36 level, suggesting that a short term cycle bottom is being formed. Range trading between 94.36 and 95.88 would more likely be seen in a couple of days, and one more rise above 95.88 is still possible. Near term support is at the bottom of the price channel and key support is located at 94.01, below this level will indicate that the uptrend from 91.73 has completed, then the following downtrend will take price back to re-test 91.73 previous low support.

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USDJPY Analysis.
Being supported by the rising trend line from 91.73 to 93.09, USDJPY rebounds from 94.49 level, suggesting that the pair remains in short term uptrend. Further rise to 96.00-96.50 is still possible. Near term support is at 94.49, and key support is at 94.01, below this level will indicate that the uptrend from 91.73 has completed at 95.88 level already, then the fallowing downtrend will take price back to re-test 91.73 previous low support.

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AUDUSD Analysis.
AUDUSD breaks above 0.8337 previous high resistance, suggesting that the uptrend from 0.7703 has resumed. Further rally is now in favor and next target is at 0.8500 zone. Near term support is at 0.8300, as long as this level holds, the short term uptrend from 0.8124 will continue. Key support is now located at the rising trend line from 0.7703 to 0.8124 now at 0.8195, below the trend line support will indicate that the rise from 0.7703 has completed.

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