AUDUSD Analysis.
AUDUSD breaks above 1.0496 resistance and reaches as high as 1.0508, suggesting that the uptrend from 1.0115 has resumed. Further rise is still possible, and next target would be at 1.0600 area. Support is at 1.0435, only break below this level will indicate that lengthier consolidation of the uptrend is underway, then another fall towards 1.0300 could be seen.
USDCAD Analysis.
USDCAD stays in a trading range between 1.0105 and 1.0235. Key resistance is at 1.0235, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 1.0341, another fall towards 1.0000 could be expected after consolidation, only break above 1.0235 could signal completion of the downtrend.
USDJPY Analysis.
USDJPY remains in uptrend from 92.56. Another rise could be expected, and next target would be at 101.00 area. Support is at 97.80, only break below this level will indicate that consolidation of the uptrend is underway, then pullback to 97.00 area could be seen to follow.
EURUSD Analysis.
EURUSD continues its upward movement from 1.2747, and reaches as high as 1.3103. Further rise is still possible after a minor consolidation, and next target would be at 1.3200 area. Support is now at 1.3000, only break below this level could signal completion of the uptrend.
USDCHF Analysis.
USDCHF continues its downward movement from 0.9553, and the fall extends to as low as 0.9307. Further decline is still possible after consolidation, and next target would be at 0.9250 area. Resistance is at 0.9400, as long as this level holds, the downtrend will continue.
GBPUSD Analysis.
GBPUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.4831, the fall from 1.5363 is treated as consolidation of the uptrend. Key support is at the trend line, as long as the trend line support holds, the uptrend could be expected to resume, and another rise to 1.5500 area is still possible.
