USDJPY broke below the up trend line from 103.76 to 106.05. Consolidation would more likely be seen in next few days. Further rally is still possible to test 108.58 (June 16 high) after consolidation, and a break of 107.98 level will signal resumption of up trend.
USDCHF is in consolidation to up trend. Pullback to test 1.0289 support is possible in next few days. As long as this support holds, we’d expect up trend to resume, and further rally could be seen after consolidation.
USDCAD is now in up trend. Further rise to test 1.0238 (July 1 high) resistance is expected in next few days. Initial support is at 1.0056, as long as this support holds, uptrend will continue.
AUDUSD broke below the support of the up trend line from 0.9327 (June 12 low) to 0.9475. Deeper decline is still possible to test 0.9475 previous low support. Initial resistance is at 0.9636, only rise above this level will take price back to 0.9700 level.
GBPUSD is testing 1.9814 support. A break below this level will indicate that the up trend from 1.9408 (June 13 low) has completed and long term down trend has resumed. Key resistance is now located at 2.0076, a break of this level will signal further rise towards 2.0391 (Mar 14 high).
EURUSD is testing the previous low support at 1.5611 (July 7 low). A break below this level will indicate that the up trend from 1.5302 (June 13 low) has completed and long term down trend has resumed.