USDCHF remains in short term downtrend from 1.1740. Deeper decline to test 1.1303 could be seen in a couple of days. A break down below this level will indicate that the rise from 1.1159 (Mar 19 low) has completed. Initial resistance is at 1.1450, and key resistance is at 1.1500, above this level will suggest that a short term cycle bottom has been formed at 1.1349 already, and then further rebound could be seen to 1.1600 zone.
USDCAD dropped sharply to as low as 1.2148 level last Friday. Now the fall from 1.2504 is more likely resumption of the medium term downtrend from 1.3063 (Mar 9 high). Deeper decline is in favor and the next target is to test 1.1981 previous low support, a break this level will signal further fall towards 1.1700 zone.
AUDUSD is testing 0.7238 resistance, 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 after consolidation. Key support is now at 0.7105, a break down below this level will suggest that a short term cycle top on 4-hour chart has been formed at 0.7237 level already, and then deeper decline could be seen to 0.7000-0.7050 area.
USDJPY stays in the falling price channel and remains in downtrend from 101.43. Deeper decline is still possible to 96.00 zone in a couple of days. Near term resistance is at the upper border of the price channel, only rise above the channel resistance will indicate that the fall from 101.43 has completed.
GBPUSD formed a short term cycle bottom at 1.4397 level on 4-hour chart. Further rally is still possible to 1.4900 zone. Initial support is at 1.4575, and key support is at 1.4540, below this level will signify that a short term cycle top has been formed at 1.4772 already and then deeper decline could be seen to1.4200 zone.
EURUSD remains in short term uptrend from 1.2884. Further rally could be seen to test 1.3392 resistance, above this level will indicate that the fall from 1.3738 (Mar 19 high) has completed at 1.2884 already. Initial support is at 1.3150, below this level will indicate that short term cycle top on 4-hour chart is being formed, and pullback to 1.2900-1.2950 is expected to follow.