Being contained by 1.0986 previous high resistance, USDCHF pulled back from 1.0955 level. As long as 1.0821 support holds, we’d expect uptrend to resume, and further rise is still possible to re-test 1.0986 resistance. However, below 1.0821 level will indicate that the short term uptrend from 1.0650 has completed at 1.0955 level already, then deeper decline towards 1.0700 could be seen to follow.
GBPUSD remains in short term downtrend from 1.6618. The rise from 1.6209 is more likely consolidation of downtrend. Deeper decline is still in favor, and a break down below 1.6209 level will take price to 1.5900-1.5950 area. Near term resistance is located at 1.6618, above this level will signal further rally to 1.7000 zone.
EURUSD breaks below 1.3793 key support and is now in short term downtrend from 1.4171. Deeper decline is in favor. Next target is at 1.3600 zone. Initial resistance is now at 1.3932, only rise above this level will take price back to 1.4000 zone.
USDCAD remains in short term uptrend. Further rally is possible to 1.1500 zone later today. Near term support is at the rising trend line on 4-hour chart. And key support is at 1.1221, only fall below this level will take price back to 1.1100 zone.
AUDUSD is in short term downtrend. Further fall to re-test 0.7827 is possible later today, and a break below this level will signal deeper decline to 0.7700-0.7750 area. Near term resistance is at 0.8067, above this level will indicate that sideways consolidation between 0.7827 and 0.8263 is underway.
USDJPY dropped below 97.08 key support last trading day. Now the pair is in downtrend. Further fall towards 95.00 is expected later today. Near term resistance is at 97.30, as long as this level holds, downtrend will continue.