AUDUSD Analysis.
AUDUSD is forming a sideways consolidation in a range between 0.8847 and 0.9317. Another fall to test 0.8847 support would likely be seen, a breakdown below this level will signal resumption of the downtrend from 1.0582 (Apr 11 high). Key resistance is at 0.9317, only break above this level will indicate that the downtrend from 1.0582 had completed at 0.8847 already, then the following upward movement could bring price to 1.0000 zone.
USDJPY Analysis.
USDJPY stays below a downward trend line on 4-hour chart, and remains in downtrend from 101.53. as long as the trend line resistance holds, the downtrend could be expected to resume, and one more fall to 95.00 area is still possible. On the upside, a clear break above the trend line resistance will indicate that the downtrend from 101.53 had completed at 95.81 already, then further rise to test 103.73 (May 22 high) resistance could be seen.
USDCHF Analysis.
Being contained by 0.9389 resistance, USDCHF pulls back from 0.9377, suggesting that consolidation of the uptrend from 0.9174 is underway. Range trading between 0.9240 and 0.9389 would likely be seen in a couple of days. Support is at 0.9240, only break below this level could trigger another fall towards 0.9000.
USDCAD Analysis.
USDCAD is forming a sideways consolidation in a range between 1.0245 and 1.0445. Further rise to test 1.0445 resistance would likely be seen in a couple of days. Support is at 1.0275, only break below this level could trigger another fall to 1.0150 zone.
EURUSD Analysis.
EURUSD remains in downtrend from 1.3400, the rise from 1.3233 is likely consolidation of the downtrend. Deeper decline to 1.3000 area is possible over the next several days. Resistance is at 1.3320, only break above this level could trigger another rise towards 1.3500 zone.
GBPUSD Analysis.
GBPUSD remains in uptrend from 1.5102, the fall from 1.5574 is treated as consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at 1.5650 area. Support is at 1.5390, only break below this level could bring price back to 1.5200 zone.
