USDCHF broke below 1.0715 support, suggesting that lengthier consolidation of uptrend from 1.0132 is underway. Range trading is expected in 1.0608 and 1.0898 in next several days. Key support is at 1.0608, as long as this level holds, one more rise towards 1.1000 is still possible after consolidation. However, a break below 1.0608 level will indicate that the rise from 1.0132 has completed at 1.0898 already, then deeper decline could be seen to 1.0500 or even lower.
GBPUSD continues its downward movement and the fall from 1.5815 extends to as low as 1.5129 level. Deeper decline is still in favor later today and next target would be at 1.5000 area. Resistance is located at the falling trend line from 1.5815 to 1.5575, as long as the trend line resistance holds, downtrend from 1.5815 could be expected to continue.
USDCAD had formed a short term cycle top at 1.0679. Another fall towards 1.0369 previous low is expected in next several days. Key resistance is now at 1.0679, only break above this level could trigger another rise to re-test 1.0852 (Nov 3, 2009 high).
EURUSD stays in a trading range between 1.3443 and 1.3691. As long as 1.3691 resistance holds, the price action from 1.3443 is treated as consolidation of downtrend from 1.4579 and one more fall to 1.3300 is still possible after consolidation. Initial resistance is at 1.3691, only rise above this level could take price to re-test 1.3838 key resistance.
USDJPY is facing the support of 88.57. Minor consolidation would more likely be seen in a narrow range. A break below this level will target 87.00 or even 84.82 (Nov 27, 2009 low). Initial resistance is at 89.50, as long as this level holds, downtrend from 92.14 could be expected to continue.
AUDUSD formed a short term cycle top at 0.9070 level on 4-hour chart and is now in downtrend. Move to 0.8700-0.8750 area would more likely be seen in next several days. Resistance is at 0.9070, only rise above this level could signal another rally to 0.9300 area.