USDCHF Analysis.
USDCHF is facing the resistance of the upper line the price channel again. As long as the channel resistance holds, the rise from 0.9130 could be treated as consolidation of the downtrend from 0.9838, one more fall towards 0.9000 is still possible after consolidation. On the upside, a clear break above the channel resistance will indicate that lengthier sideways consolidation of the downtrend is underway, then range trading between 0.9130 and 0.9350 could be seen to follow.
AUDUSD Analysis.
AUDUSD breaks above the resistance of the upper line of the price channel on 4-hour chart, suggesting that lengthier consolidation of the downtrend from 1.0582 (Apr 11 high) is underway. Further rise to test 0.9791 resistance would likely be seen. Support level is at 0.9425, only break below this level could trigger another fall towards 0.9000.
GBPUSD Analysis.
GBPUSD remains in uptrend from 1.5008, the fall from 1.5736 is treated as consolidation of the uptrend. Support is now at 1.5550, as long as this level holds, the uptrend could be expected to resume, and another rise towards 1.6000 is still possible after consolidation.
EURUSD Analysis.
EURUSD remains in uptrend from 1.2796, the fall from 1.3390 is treated as consolidation of the uptrend. Further rise would likely be seen after consolidation, and next target would be at 1.3500 area. Initial support is at the upward trend line on 4-hour chart, and the key support is at 1.3180, only break below this level could signal completion of the uptrend.
USDCAD Analysis.
USDCAD remains in downtrend from 1.0420. Resistance is located at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to continue, and next target would be at 1.0100 area, only a clear break above the channel resistance could signal completion of the downtrend.
USDJPY Analysis.
USDJPY stays below a 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 92.50 area, only a clear break above the trend line resistance could signal completion of the downtrend.
