AUDUSD stays in a rising price channel on 4-hour chart and remains in uptrend from 0.8801. Further rally is still possible in a couple of days and next target would be at 0.9250-0.9300 area. Support is at the lower border of the price channel, as long as the channel support holds, uptrend may be expected to continue. Key support is at 0.9095, only fall below this level will indicate that the rise from 0.8801 has completed.
EURUSD is testing 1.3795 resistance, above this level will indicate that the uptrend from 1.3435 has resumed, then further rally could be seen to 1.3850 or even 1.3935. Key support is now at 1.3642, below this level will suggest that the bounce from 1.3435 has completed, then another fall to 1.3200-1.3300 area may be expected to follow.
No changed in our view, USDJPY remains in uptrend from 88.14, and the pullback from 91.08 is more likely consolidation of uptrend. One more rise towards 91.50 is expected after consolidation. Key support is at 89.63, only fall below this level could indicate that the bounce from 88.14 has completed, then the following downward movement could bring price to 87.00 area.
GBPUSD’s bounce extends further to as high as 1.5258. Rise to 1.5400-1.5500 to reach next cycle top on 4-hour chart is possible in a couple of days. Key support is now at 1.4977, only fall below this level could trigger another fall towards 1.4500 area.
USDCAD’s downtrend from 1.0679 extends further to as low as 1.0132. Deeper decline is still in favor and next target would be at 1.0000 area. Resistance is now at 1.0231, as long as this level holds, downtrend could be expected to continue.
USDCHF remains in downtrend and the fall from 1.0887 extends to as low as 1.0533 level. Deeper decline is still in favor and next target would be at 1.0450 area. Resistance is at 1.0639, as long as this level holds, downtrend may be expected to continue.