AUDUSD Analysis.
AUDUSD remains in downtrend from 0.9317, the rise from 0.8847 is likely consolidation of the downtrend. Resistance is at 0.9060, as long as this level holds, the downtrend could be expected to resume, and another fall to 0.8800 area is still possible. On the upside, a break above 0.9060 resistance will indicate that lengthier consolidation of the longer term downtrend from 1.0582 (Apr 11 high) is underway, then further rally to 0.9150 – 0.9200 area could be seen.
USDCHF Analysis.
USDCHF breaks below 0.9228 support, suggesting that the downtrend from 0.9751 has resumed. Further decline could be seen in a couple of days, and next target would be at 0.9150 area. Resistance is at 0.9290, only break above this level could trigger another rise to test 0.9389 key resistance.
USDJPY Analysis.
USDJPY’s downward movement from 101.53 extends to as low as 96.32. Further decline would likely be seen in a couple of days, and next target would be at 95.50 area. Key resistance is at the downward trend line on 4-hour chart, only a clear break above the trend line resistance could signal completion of the downtrend.
EURUSD Analysis.
EURUSD is testing 1.3344 resistance, a break above this level will indicate that the uptrend from 1.2756 has resumed, then further rise to 1.3500 area could be seen. Support is at 1.3265, only break below this level will suggest that lengthier sideways movement is underway, then deeper decline to 1.3200 area could be seen.
USDCAD Analysis.
USDCAD break above 1.0403 resistance and continues its upward movement from 1.0245, and the rise extends to as high as 1.0445. Further rise could be expected, and next target would be at 1.0500 area. Support is at 1.0345, only break above this level could signal completion of the uptrend.
GBPUSD Analysis.
GBPUSD break above 1.5433 resistance and reaches as high as 1.5530, suggesting that the uptrend from 1.4813 has resumed. Further rise could be expected, and next target would be at 1.5650 area. Support is now at 1.5390, only break below this level could bring price back to 1.5200 zone.
