AUDUSD Analysis.
After touching the upper line of the price channel on 4-hour chart, AUDUSD pulls back from 0.9418, suggesting that the pair remains in downtrend from 0.9756, the rise from 0.9269 could be treated as consolidation of the downtrend. Another fall towards 0.9000 would likely be seen over the next several days. Key resistance is at 0.9418, only break above this level could indicate that the downward movement from 0.9756 had completed at 0.9269 already, then the following uptrend could bring price to 1.0000 zone.
GBPUSD Analysis.
GBPUSD’s rise from 1.5854 extends to as high as 1.6148. Further rise to test 1.6259 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 other side, 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.
EURUSD Analysis.
EURUSD’s upward movement from 1.3296 extends to as high as 1.3541. Support level is at 1.3415, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.3600 area. However, a breakdown below 1.3415 support will indicate that the uptrend from 1.3296 has completed, then another fall towards 1.3000 could be seen.
USDJPY Analysis.
USDJPY remains in uptrend from 96.94, the fall from 100.43 could be treated as consolidation of the uptrend. Key support is at 99.10, as long as this level holds, the uptrend could be expected to resume, and one more rise towards 101.00 is still possible after consolidation. On the downside, a breakdown below 99.10 support will indicate that the uptrend from 96.94 had completed at 100.43 already, then the following downward movement could bring price to 97.00 area.
USDCHF Analysis.
USDCHF’s fall from 0.9249 extends to as low as 0.9095. Deeper decline would likely be seen, and next target would be at 0.9050 area. Key resistance is at 0.9190, only break above this level could trigger another rise towards 0.9500.
USDCAD Analysis.
USDCAD’s downward movement from 1.0525 extends to as low as 1.0414. Deeper decline would likely be seen and the target would be at the lower line of the price channel on 4-hour chart. However, as low as the channel support holds, the fall from 1.0525 could be treated as consolidation of the uptrend from 1.0182 (Sep 19 low), the uptrend could be expected to resume after touching the channel support.
