USDCHF Analysis.
USDCHF stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.9147, the fall from 0.9455 could be treated as consolidation of the uptrend. Initial support is located at the lower line of the channel, as long as the channel support holds, the uptrend could be expected to resume, and one more rise to 0.9550 area to complete the upward movement is still possible. On the downside, a clear break below the channel support will signal completion of the uptrend, then the following downward move could bring price back to 0.8500 zone.
EURUSD Analysis.
EURUSD’s upward movement from 1.3105 extends to as high as 1.3281. Further rise could be expected, and next target would be at 1.3350 area. Support levels are at 1.3180 and 1.3105, only break below these levels could trigger another fall towards 1.2900.
AUDUSD Analysis.
AUDUSD is testing 0.9317 resistance, a break above this level will signal completion of the downtrend from 1.0582 (Apr 11 high), then the following upward movement could bring price to 1.0000 area. On the downside, as long as 0.9317 resistance holds, the sideways movement in a range between 0.8847 and 0.9317 could be expected to continue, and one more fall to re-test 0.8847 support is possible.
GBPUSD Analysis.
GBPUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.5429, and the rise extends to as high as 1.5744. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.5800 area. On the downside, a clear break below the trend line support will indicate that lengthier consolidation of the longer term uptrend from 1.4813 (Jul 9 low) is underway, then the following downward movement could bring price back to 1.5500 zone.
USDJPY Analysis.
USDJPY stays in a upward price channel on 4-hour chart, and remains in uptrend from 95.81. Key support is at the lower line of the channel, as long as the channel support holds, the uptrend could be expected to continue, and next target would be at 101.00 area.
USDCAD Analysis.
USDCAD’s downward movement extends to as low as 1.0330. Further decline could be expected, and next target would be at 1.0285 area. Resistance is at 1.0420, as long as this level holds, the downtrend will continue.
