EURUSD
EURUSD is in down trend, and further fall towards 1.2500 level is possible in the next couple of days. On the other side, the RSI is lower than 25 level, a slightly correction is needed immediately before the resumption of the down trend. Key resistance is now at 1.2612, only break above this level may signal the reversal to the down trend.
AUDUSD
AUDUSD stays in the falling price channel and is in down trend. Further fall below 0.7400 level can be expected in the next couple of days. The near term resistance is at the top of the price channel, and as long as this resistance holds, down trend will continue.
GBPUSD
GBPUSD is in down trend, and further fall towards 1.8400 level can be expected in the next several days. On the other side, the RSI is lower than 25 level, a slightly correction is needed immediately before the resumption of the down trend. Key resistance is now at 1.8702, only break above this level may signal the reversal to the down trend.
USDCAD
The key resistance at 1.1304 is broken above, USDCAD’s up trend resumes. Further rise towards 1.1457 previous high resistance is possible in the next several days. The near term support is at the rising trend line, and as long as the trend line support holds, up trend will continue.
USDCHF
USDCHF is in up trend, and further rise towards 1.2800 level is possible in the next several days. On the other side, the RSI is higher than 75 level, a slightly correction is needed immediately before the resumption of the up trend. Key support is now at 1.2590, only break below this level may signal the reversal to the up trend.
USDJPY
USDJPY is in up trend, and further rise towards 120.50 level is possible later today. Key support is now at 118.89, only break below this level may signal the reversal to the up trend.