EURUSD stays in a trading range between 1.2512 and 1.2991. The fall from 1.2991 could possibly be resumption of the medium term downtrend from 1.4719 (Dec 18, 2008 high). Deeper decline would more likely be seen to 1.2400 zone in a couple of days. Key resistance is located at 1.2991, only rise above this level will indicate that the fall from 1.4719 has completed.
USDCAD breaks above 1.2672 previous high resistance last Friday, suggesting that the short term uptrend from 1.2024 is underway. Further rally could be seen to test 1.3015 (Oct 28, 2008 high) long term key resistance. A break above this level will indicate that the long term uptrend from 0.9056 (Nov 7, 2007 low) has resumed and the next long term target would be at 1.3500 zone.
USDJPY breaks below 97.35 support, suggesting that the short term uptrend from 92.50 has completed and sideways consolidation in a range between 96.35 and 98.70 is expected in a couple of days. Further rally is still possible after consolidation and a breaks above 98.70 level will signal the resumption of the medium term uptrend from 87.12.
GBPUSD trades in a narrow range between 1.4093 and 1.4383. Deeper decline is still in favor, a break below 1.4093 level will signal the resumption of downtrend from 1.4661, and the next short term target would be at 1.3750-1.3800 area.
AUDUSD breaks below 0.6331 previous low support, suggesting that the medium term downtrend from 0.7267 (Jan 7 high) has resumed. Deeper decline is expected to 0.6100 zone in next several days. Initial resistance is now at 0.6450, as long as this level holds, the short term downtrend from 0.6653 will continue.
USDCHF is in short term uptrend from 1.1459. Further rise is expected to test 1.1883 previous high resistance in next several days. A break above this level will signal further rally to 1.2000 zone. Initial support is at 1.1610 and followed by the lower border of the price channel now at 1.1515.