AUDUSD Analysis.
AUDUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 0.9756, the rise from 0.9269 could be treated as consolidation of the downtrend. As long as the trend line resistance holds, the downtrend could be expected to resume, and one more fall towards 0.9000 is still possible. On the upside, a clear break above the trend line resistance will indicate that the downtrend from 0.9756 had completed at 0.9269 already, the the following upward movement could bring price to 1.0000 area.
EURUSD Analysis.
EURUSD breaks above the downward trend line on 4-hour chart, suggesting that the downtrend from 1.3832 had completed at 1.3296 already. Further rise could be expected, and next target would be at 1.3600 area. Support is at 1.3390, only break below this level could trigger another fall towards 1.3000.
USDJPY Analysis.
USDJPY remains in uptrend from 96.94, the fall from 99.79 is likely consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at 100.50 area. Key support is at the upward trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.
GBPUSD Analysis.
After touching 1.5894 support, GBPUSD rebounded from 1.5854, suggesting that lengthier sideways movement in a range between 1.5854 and 1.6259 is underway. Further rise to test 1.6259 previous high resistance is possible, a break above this level will signal resumption of the uptrend from 1.4813 (Jul 9 low), then the target would be at 1.7000 area. On the downside, a breakdown below 1.5854 support will confirm that the uptrend from 1.4813 had completed at 1.6259 already, then the following downward movement could bring price to 1.4500 zone.
USDCHF Analysis.
USDCHF breaks below the upward trend line on 4-hour chart, suggesting that the uptrend from 0.8890 had completed at 0.9249 already. Further decline could be expected, and next target would be at 0.9050 area. Resistance is at 0.9200, only break above this level could trigger another rise towards 0.9500.
USDCAD Analysis.
USDCAD remains in uptrend from 1.0182 (Sep 19 low), the price action from 1.0496 is likely consolidation of the uptrend. Pullback to the lower line of the price channel on 4-hour chart to complete the consolidation would likely be seen.
