USDCHF Analysis.
USDCHF’s upward movement extends to as high as 0.9338. Key support is at the upwards trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 0.9400 area. On the downside, a clear break below the trend line support will suggest that a cycle top has been formed, and the uptrend from 0.9021 has completed, then the following downward movement could bring price back to 0.8950 zone.
AUDUSD Analysis.
AUDUSD stays in a trading range between 1.0220 and 1.0373. As long as 1.0373 key resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.0597, another fall towards 1.0000 would likely be seen after consolidation. On the upside, a break above 1.0373 will indicate that the downward movement from 1.0597 had completed at 1.0220 already, then the following upward movement could bring price to 1.0700 zone.
EURUSD Analysis.
EURUSD’s downward movement from 1.3771 extends to as low as 1.3049. Key resistance is located at he downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.3000 area, only a clear break above the trend line resistance could signal completion of the downtrend.
USDJPY Analysis.
USDJPY breaks below 92.17 key support, suggesting that the uptrend from 79.07 (Nov 9, 2012 low) has completed at 94.54 already. Further decline would likely be seen and next target would be at 90.00 area. Resistance is at 94.54, only break above this level could trigger another rise towards 100.00.
GBPUSD Analysis.
GBPUSD continues its downward movement from 1.5843, and the fall extends to as low as 1.5072. Further decline could be expected and next target would be at 1.5000 area. Resistance is at 1.5320, followed by 1.5400, only break above these levels could signal completion of the downtrend.
USDCAD Analysis.
USDCAD’s upward movement from 0.9999 extends to as high as 1.0277. Further rise could be expected and next target would be at 1.0300 area. Support is at 1.0200, only break below this level could signal completion of the uptrend.
