GBPUSD Analysis.
Being supported by the lower border of the price channel on 4-hour chart, GBPUSD rebounded from 1.5503, suggesting that a cycle bottom is being formed. Now the rise from 1.5503 could possibly be resumption of uptrend from 1.5296, further rally is in favor and next target would be at 1.5800-1.5850 area. Support is at 1.5503, only break below this level could indicate that the rise from 1.5296 has completed at 1.5728 already, then the following downward move could bring price back to re-test 1.5296 previous low support.

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USDCAD Analysis.
Being contained by the upper boundary of the falling price channel on 4-hour chart, USDCAD pulled back from 1.0349, suggesting that a cycle top is being formed. Further fall towards 1.0215 would more likely be seen later today, a break below this level will indicate that the downtrend from 1.0672 has resumed, then next target would be at 1.0150 area. However, a break above 1.0349 will suggest that the downward move from 1.0672 has completed at 1.0215 already, then the following uptrend could bring price back to 1.0600 zone.

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USDCHF Analysis.
USDCHF stays in a falling price channel on 4-hour chart and remains in downtrend, and the bounce from 0.9932 is more likely consolidation of downtrend. Range trading between 0.9932 and 1.0277 would is expected in a couple of day. As long as 1.0277 key resistance holds, another fall to 0.9700 is still possible after consolidation. However, a break above 1.0277 will indicate that the fall from 1.1730 (Jun 1 high) has completed at 0.9932 already, then the following upward movement could bring price to 1.1000 area.

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USDCHF Analysis.
As expected, USDCHF formed a cycle bottom at 0.9932 level on 4-hour chart and the bounce extended to as high as 1.0170 level. Further rally is still possible later today and target would be at 1.0277 key resistance, a break above this level will suggest that the fall from 1.1730 (Jun 1 high) has completed at 0.9932 already, then the following upward movement could bring price to 1.1000 area. However, as long as 1.0277 key resistance holds, the price action from 0.9932 could be treated as consolidation of downtrend, and one more fall to 0.9700 area is still possible.

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AUDUSD Analysis.
After breaking above 0.9404 (2009 high) resistance, AUDUSD pulled back from 0.9457, suggesting minor consolidation of uptrend from 0.8771 is underway. Support is at the lower border of the rising price channel on 4-hour chart, now at 0.9280, as long as the channel support holds, uptrend is expected to resume, and one more rise to 0.9600 is still possible. Key support is at 0.9240, below this level will indicate that the uptrend from 0.8771 has completed at 0.9457 already, then deeper decline could be seen to 0.9000 zone.

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AUDUSD Analysis.
AUDUSD broke above 0.9404 (2009 high) and reached as high as 0.9457 level. Minor consolidation of uptrend would more likely be seen in a couple of days. Support is at the uptrend line on 4-hour chart (now at 0.9313), as long as the trend line support holds, we’d expected uptrend to resume and another rise to 0.9600 is still possible. However, a clear break below this trend line support will indicate that lengthier consolidation of uptrend is underway, then the pair will find support at 0.9200-0.9250 area.

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AUDUSD Analysis.
AUDUSD’s upward movement from 0.8771 extended to as high as 0.9361. Support is at 0.9260, as long as this level holds, uptrend is expected to continue, and next target would be at 0.9400 area. On the downside, the pair is now facing 0.9381 (Apr 12 high), minor consolidation would more likely be seen before breaking above this level, a break below 0.9260 support will indicate that minor consolidation of uptrend is underway, then pullback to 0.9200 could be seen.

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