USDCHF?
USDCHF is testing the down trend line resistance. If this resistance holds, the pair would move lower to test 1.2182 previous low support. If this level gives way, the pair would move higher to test the key resistance at 1.2365, a break above this level may signal a reversal of the down trend, and it would move higher to reach the next cycle top on 4 hours chart.
USDJPY?
USDJPY is treated as in correction to the down trend, further rise to test the price channel resistance is possible. Key support is now at 114.18, a break below this level may signal the resumption of the down trend.
EURUSD?
EURUSD is testing the up trend line support. If this support holds, the pair would move higher to test 1.2861 previous high resistance. If this level gives way, the pair would move lower to test the key support at 1.2719, a break below this level may signal a reversal of the up trend, and it would move lower to reach the next cycle bottom on 4 hours chart.
GBPUSD?
GBPUSD is in up trend, further rise towards 1.8877 (the day high of June 5) is possible in next several days, and as long as the up trend line support holds, up trend will continue. Key support is at 1.8625, only break below this level may signal a reversal of the up trend.
USDCAD?
USDCAD is forming a sideways consolidation in a range between 1.1221 and 1.1372. Down trend will resume after 1.1221 level is broken below. Key resistance is at 1.1372, a break above this level may label a cycle bottom.
AUDUSD?
AUDUSD is forming a sideways consolidation on 4 hours chart, up trend will resume after this consolidation. Key support is now at 0.7596, only break below this level may delay the resumption of the up trend.
