USDCHF
USDCHF is forming a sideways consolidation nearing to the medium term support at 1.2182 (the day low of July 7). This support is more likely to be broken soon after this sideways consolidation. Key resistance is now at 1.2330, only break above this level may signal a reversal of the down trend.
USDJPY
USDJPY is treated as in correction to the down trend. Further rise towards 116.00 level is possible later today. Key support is at 114.57, breakdown this level may signal the resumption of the down trend.
EURUSD
EURUSD rebounded from the bottom of the price channel at 1.2764, and is testing the key resistance at 1.2908 previous high, breakout this level may signal the resumption of the up trend, and the next resistance will be 1.2978, the day high of June 5. Key support is now at 1.2764, only break below this level may signal a reversal of the up trend.
GBPUSD
GBPUSD is forming a sideways consolidation in a narrow rang between 1.8971 and 1.9142. Further rise towards 1.9200 level is possible after this consolidation. The near term support is bottom of the price channel, and as long as this price channel support holds, GBPUSD stay in up trend.
USDCAD
Near term support at 1.1175 is broken below and USDCAD is in down trend. It is more likely to fall lower to test the support of the price channel on daily chart. Key resistance is now at 1.1254, only break above this level may signal a reversal of the down trend.
AUDUSD
AUDUSD is forming a sideways consolidation. The sharply rebound from 0.7563 implies the pair still stay in up trend. Key resistance is now at 0.7670, a break above this level may signal the resumption of the up trend.
