USDCHF
No change in our view, USDCHF will form a sideways consolidation in a range between 1.2374 and 1.2571. Key support is at 1.2374, break below this level indicate medium term bearish movement is underway, and fall towards 1.2100 level can be expected in the next several days. Key resistance is at 1.2571, only break above this level will signal the resumption of the up trend.
USDCAD
No change in our view, USDCAD is in up trend. Further rise towards 1.1950 to reach the next cycle top on 4 hours chart can be expected later today. Near term support is at 1.1735, only break below this level will signal the reversal to the up trend.
EURUSD
EURUSD broke below the support at 1.2923 yesterday, further fall towards the next near term support at 1.2876 can be seen later today, and a break below this level may signal the resumption of the down trend.
AUDUSD
No change in our view, AUDUSD bottomed at 0.7695 on 4 hours chart, further rise towards 0.7800 level to reach the next cycle top is still possible in a couple of days. Near term support is at 0.7695, only break below this level will signal the resumption of the down trend.
GBPUSD
GBPUSD topped at 1.9746, further fall below 1.9480 previous low can be expected in the next several days. Near term support is at 1.9480, a break below this level will signal the resumption of the down trend, and fall towards 1.9260 (the day low of Jan 8) can be seen.
USDJPY
As expected, USDJPY fall below 120.07 previous low, further fall towards 119.50 level to reach the next cycle bottom on 4 hours chart is possible later today. Near term resistance is at the down trend line and followed by 121.34.