USDJPY Analysis.
USDJPY remains in uptrend from 93.79, the fall from 98.70 is likely minor consolidation of the uptrend. Further rise could be expected after consolidation, and next target would be at 100.00 area. Support is at 96.80, as long as this level holds, the uptrend will continue. On the downside, a breakdown below 96.80 support will indicate that the upward movement from 93.79 has completed at 98.70 already, then the following downward movement could bring price back to test 93.79 support.
USDCAD Analysis.
USDCAD remains in uptrend from 1.0137, the fall from 1.0556 could be treated as consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at 1.0600 area. Key support is at 1.0400, only break below this level could signal completion of the uptrend.
USDCHF Analysis.
USDCHF remains in uptrend from 0.9130, the fall from 0.9380 could be treated as consolidation of the uptrend. Another rise to 0.9400 area could be expected after consolidation. Key support is at 0.9250, only break below this level will indicate that the uptrend has completed at 0.9380 already, then the following downward movement could bring price back towards 0.9000.
EURUSD Analysis.
EURUSD’s downward movement from 1.3415 extends to as low as 1.3059. Further decline would likely be seen after a minor consolidation, and next target would be at 1.3000 area. Resistance is at 1.3175, only break above this level could signal completion of the downtrend.
AUDUSD Analysis.
AUDUSD breaks above 0.9270 resistance, suggesting that the downtrend from 0.9664 has completed at 0.9148 already. Further rally could be expected, the target would be at the upper line of the price channel on 4-hour chart. Support is now at 0.9148, only break below this level could trigger another fall towards 0.9000.
GBPUSD Analysis.
GBPUSD’s downward movement from 1.5751 extends to as low as 1.5343. Further decline could be expected after a minor consolidation, and next target would be at 1.5300 area. Key resistance is at 1.5530, only break above this level could signal completion of the downtrend.
