USDCAD Analysis.
USDCAD remains in downtrend from 1.0559, the rise from 1.0182 is treated as consolidation of the downtrend. Initial resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to resume, and another fall towards 1.0000 is still possible. One the upside, a clear break above the trend line resistance will indicate the lengthier consolidation of the downtrend from 1.0568 is underway, then range trading between 1.0182 and 1.0350 could be seen.
USDCHF Analysis.
USDCHF stays below a downward trend line on 4-hour chart, and remains in downtrend from 0.9455. As long as the trend line resistance holds, the downtrend could be expected to continue after a minor consolidation, and next target would be at 0.9050 area.
USDJPY Analysis.
USDJPY breaks above 99.40 resistance, suggesting that the downward movement from 100.60 has completed at 97.76 already. However, the rise from 97.76 would possibly be correction of the downtrend from 100.60, as long as 100.60 key resistance holds, one more fall towards 95.00 is still possible. On the upside, a break above 100.60 will indicate that the pair remains in uptrend from 95.81, then further rise to test 103.73 (May 22 high) resistance could be seen.
EURUSD Analysis.
EURUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.3105. As long as the trend line support holds, the uptrend could be expected to continue after a minor consolidation, and next target would be at 1.3650 area.
AUDUSD Analysis.
AUDUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 0.8892, the fall from 0.9526 could be treated as consolidation of the uptrend. Initial support is at the trend line, and the key support is at 93.00, only break below this level could signal completion of the uptrend.
GBPUSD Analysis.
GBPUSD remains in uptrend from 1.5429, the fall from 1.6162 could be treated as consolidation of the uptrend. Initial support is at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to resume, and another rise towards 1.6500 is still possible. Key support is at 1.5900, only break below this level could signal completion of the uptrend.
