USDCAD Analysis.
USDCAD breaks above 1.0525 resistance, suggesting that the uptrend from 1.0182 (Sep 19 low) has resumed. Support is now at 1.0470, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.0600 area. On the downside, a breakdown below 1.0470 support will indicate that lengthier consolidation of the uptrend is underway, then deeper decline to test 1.0397 key support could be seen to follow.
AUDUSD Analysis.
AUDUSD breaks below 0.9269 support, suggesting that the downtrend from 0.9756 has resumed. Further decline could be expected, and next target would be at 0.9050 area. Resistance is at 0.9310, only break above this level will indicate that lengthier consolidation of the downtrend is underway, then further rally to 0.9400 area could be seen.
GBPUSD Analysis.
GBPUSD’s bounce from 1.5854 extends to as high as 1.6202. The pair is now facing 1.6259 resistance, a break above this level will signal resumption of the longer term uptrend from 1.4813 (Jul 9 low), then the target would be at 1.7000 area. Support is at 1.6055, a breakdown below this level will indicate that the bounce from 1.5854 has completed, then deeper decline to test 1.5854 key support could be seen.
EURUSD Analysis.
EURUSD is now in downtrend from 1.3578. Another fall to test 1.3296 support would likely be seen, a breakdown below this level will signal resumption of the longer term downtrend from 1.3832, then next target would be at 1.3200 area. Key resistance is at 1.3578, only break above this level could trigger another rise towards 1.4000.
USDJPY Analysis.
USDJPY continues its upward movement from 96.94, and the rise extends to as high as 101.35. Further rise could be expected, and next target would be at 102.50 area. Support is at 100.50, only break below this level could signal completion of the uptrend.
USDCHF Analysis.
USDCHF is now in uptrend from 0.9079. Another rise to test 0.9249 resistance would likely be seen, a break above this level will signal resumption of the longer term uptrend from 0.8890, then next target would be at 0.9450 area. Key support is at 0.9079, only break below this level could trigger another fall towards 0.8500.
