USDCHF Analysis.
USDCHF is facing 0.9228 support, a breakdown below this level will indicate that the downtrend from 0.9751 has resumed, then further decline to 0.9000 area could be seen. On the upside, as long as 0.9228 support holds, the price action from 0.9228 could be treated as consolidation of the downtrend from 0.9751, one more rise to 0.9450 area to complete the consolidation is still possible.
USDJPY Analysis.
USDJPY is facing 97.58 support, a breakdown below this level will indicate that the pair remains in downtrend from 101.53, then further decline to 95.00 – 96.00 area could be seen. Resistance is at the upper line of the price channel on 4-hour chart, only a clear break above the channel resistance could signal completion of the downtrend.
EURUSD Analysis.
EURUSD stays in a trading range between 1.3189 and 1.3344. As long as 1.3100 key support holds, the price action from 1.3344 could be treated as consolidation of the uptrend from 1.2756, and one more rise towards 1.4000 is still possible after consolidation. Resistance is at 1.3344, a break above this level could signal resumption of the uptrend.
USDCAD Analysis.
USDCAD remains in uptrend from 1.0245, the fall from 1.0403 is likely consolidation of the uptrend. Support is at 1.0300, as long as this level holds, the uptrend could be expected to resume, and another rise towards 1.0608 previous high is still possible.
AUDUSD Analysis.
AUDUSD remains in downtrend from 0.9317. Resistance is at 0.9010, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.8800 area, only break above 0.9010 level could signal completion of the downtrend.
GBPUSD Analysis.
GBPUSD is facing 1.5433 resistance, a break above this level will indicate that the uptrend from 1.4813 has resumed, then further rise towards 1.5600 – 1.5700 area could be seen. Support is now at 1.5240, only break below this level could trigger another fall towards 1.5000.
