AUDUSD’s down trend extends further to as low as 0.8841 level. Deeper decline to 0.8700 is still possible in a couple of days. Initial resistance is now at 0.9000 and key resistance is located at 0.9129, only break above 0.9129 level will signal reversal to down trend.
GBPUSD’s down trend remains, and the fall from 2.0158 (July 15 high) extends to as low as 1.9125 level. Further fall towards 1.9000 is still possible in a couple of days. Near term resistance is at 1.9250, only break of this level will signal consolidation to down trend.
EURUSD is in down trend and the fall from 1.6038 (July 15 high) extends to as low as 1.4918 level. Further fall towards 1.4700 is still possible in a couple of days. Initial resistance is at 1.5065, only rise above this level will signal consolidation to current trend.
USDJPY pulls back from 110.37, suggesting that the pair might be forming a short term cycle top on 4-hour chart. Sideways consolidation in a range between 1.0837 and 110.37 could be expected in next few days. Up trend will resume after consolidation and further rise towards 112.00 is still possible.
USDCHF is in up trend, and the rise from 1.0010 (July 15 low) extends to as high as 1.0849 level. Further rise is still possible to 1.1000 area. Near term support is at 1.0730, only break below this level will signal consolidation to up trend.
USDCAD is in up trend, and the rise from 0.9974 (July 15 low) extends to as high as 1.0696 level. Sideways consolidation would more likely be seen in a couple of days and further rise towards 1.1000 is still possible after consolidation.