USDCHF failed to break above 1.0507 previous high resistance and pulled back from 1.0495. A short term cycle top had been formed on 4-hour chart. Sideways movement between 1.0350 and 1.0507 would more likely be seen in a couple of days. Support is located at the rising trend line now at 1.0320. As long as the trend line support holds, the fall from 1.0495 is treated as consolidation of uptrend from 1.0132. One more rise towards 1.0600 is possible after consolidation and a break above 1.0495 could signal resumption of uptrend.
GBPUSD stays below a falling trend line on 4-hour chart and remains in downward trend from 1.6456. Deeper decline is still possible later today and next target would be at 1.5950 area. Resistance is at the falling trend line now at 1.6245, as long as this level holds, downtrend will continue.
USDCAD is moving upward within a rising price channel on 4-hour chart. Further rally is still possible as long as the channel support holds, and next target would be at 1.0650 area. However, a clear break below the channel support will indicate that a short term cycle top is being formed on 4-hour chart, then consolidation of uptrend could be expected to follow.
AUDUSD stays in a falling price channel and remains in downtrend from 0.9327. Deeper decline is still possible later today and next target would be at 0.8900-0.8950 area. Resistance is at the upper border of the channel, only a clear break above the channel resistance could indicate that the fall from 0.9327 has completed.
EURUSD had formed a short term cycle bottom at 1.4029 level on 4-hour chart. Range trading between 1.4029 and 1.4250 is expected in a couple of days. As long as 1.4250 resistance holds, the bounce from 1.4029 is treated as consolidation of downtrend from 1.4579 and one more fall to 1.3800 is possible after consolidation.
USDJPY dropped sharply from 91.87 last week. The fall suggested that the downtrend from 93.75 had resumed. Deeper decline is expected later today and next target would be at 88.50-89.00 area. Resistance is located at the falling trend line from 93.75 to 91.87, only rise above the trend line resistance could indicate that the fall from 93.75 has completed.