AUDUSD might be forming a short term cycle bottom at 0.6952 level on 4-hour chart. Range trading between 0.6952 and 0.7180 is expected in a couple of days. However, the price action from 0.6952 is more likely consolidation of the downtrend from 0.7322, further fall is possible after consolidation, and a break below 0.6952 will signal deeper decline to 0.6800 zone. Near term resistance is at 0.7129 followed by 0.7180, and the key resistance is now located at 0.7238, above this level will indicate that the price action from 0.7322 is consolidation of the medium term uptrend from 0.6284 (Mar 4 low), and further rally could be seen to 0.7500 or even higher after consolidation.
USDJPY stays in the falling price channel and continues its bearish movement from 101.43. Deeper decline is still possible to 97.00-97.50 area. Near term resistance is at the upper border of the price channel and key resistance is now located at 98.90, above this level will indicate that the fall from 101.43 has completed.
USDCAD is in short term uptrend and the price action from 1.2504 is treated as consolidation of the uptrend. Range trading between 1.2300 and 1.2504 is expected in a couple of days. Near term resistance is at 1.2504, a break above this level will signal resumption of the uptrend.
GBPUSD breaks below 1.4467 support, suggesting that the pair remains in short term downtrend from 1.5066. Deeper decline is possible to 1.4200 zone after consolidation. Near term resistance is now at 1.4708, as long as this level holds, downtrend will continue.
EURUSD breaks above 1.3000 resistance, suggesting that a short term cycle bottom has been formed at 1.2884 level on 4-hour chart and the downtrend from 1.3392 has completed. Range trading between 1.2884 and 1.3200 is expected in next several days.
USDCHF is testing the support of the rising trend line on 4-hour chart, as long as the trend line support holds, further rally is possible to 1.1800-1.1850 area. However a clear break below the trend line support will indicate that the uptrend from 1.1303 has completed at 1.1740 already, and pullback to 1.1400 zone could be seen to follow.