GBPUSD Analysis.
GBPUSD breaks below 1.5469 support, suggesting that consolidation of the uptrend from 1.4831 (Mar 12 low) is underway. Deeper decline would likely be seen, and the target would be at the upward trend line from 1.4831 to 1.5034. Key resistance is at 1.5605, only break above this level could trigger another rise to 1.5800 zone.
USDCAD Analysis.
USDCAD break below 1.0051 support and continues its downward movement from 1.0293. Further decline could be expected and next target would be at 1.0000 area. Resistance is at 1.0100, as long as this level holds, the downtrend will continue.
USDJPY Analysis.
USDJPY is testing 99.94 resistance, a break above this level will indicate that the uptrend from 77.14 (Sep 13, 2012 low) has resumed, then further rise towards 105.00 could be seen. On the other side, as long as 99.94 resistance holds, lengthier sideways movement could be expected to continue, and one more fall to 96.50 area is still possible.
EURUSD Analysis.
EURUSD stays in a trading range between 1.2955 and 1.3242. The sideways movement in the range could be expected to continue in a couple of days. As long as 1.2955 support holds, the uptrend from 1.2747 could be expected to resume after the sideways move, and a break above 1.3242 could trigger another rise towards 1.3500.
USDCHF Analysis.
USDCHF’s upward movement from 0.9247 extends to as high as 0.9436. Further rise is still possible, and next target would be at 0.9460. Support is at 0.9365, a breakdown below this level will indicate that the rise from 0.9247 has completed, then another fall towards 0.9000 could be seen to follow.
AUDUSD Analysis.
AUDUSD breaks below 1.0220 support, and continues its downward movement from 1.0582, and the fall extends to as low as 1.0154. Further decline could be expected, and next target would be at 1.0100 area. Resistance is at 1.0230, as long as this level holds, the downtrend will continue.
