EURUSD trades in a trading range between 1.3546 and 1.3691. The price action in the range is more likely consolidation of uptrend from 1.3282. As long as 1.3546 support holds, one more rise to test 1.3817 is still possible after consolidation, a break of this level will indicate that the longer term downtrend from 1.5144 (Nov 25, 2009 high) has completed at 1.3267 already. Support is at 1.3546, only fall below this level could take price back to 1.3450-1.3500 area.
AUDUSD stays in a rising price channel on 4-hour chart and remains in uptrend from 0.9001. Further rise to test 0.9381 is expected later today. A break above this level will trigger another rise towards 0.9500 area. Support is at the lower boundary of the channel, a clear break below the channel support will confirm that a cycle top has been formed at 0.9381 already and the rise from 0.9901 has completed, then pullback to 0.9100-0.9165 area could be seen.
USDCAD breaks below 0.9977 previous low and reaches as low as 0.9952, suggesting that the downtrend from 1.0302 has resumed. Deeper decline could be seen later today and next target would be at 0.9900 area. Initial resistance is at 1.0020 and key resistance is located at 1.0104, only rise above this level could indicate that the fall from 1.0302 has completed.
USDCHF remains in downtrend from 1.0785. Deeper decline is still possible later today and next target is to test 1.0434 previous low support. Initial resistance is at 1.0565 and key resistance is located at 1.0616, only rise above this level could indicate that a cycle bottom has been formed on 4-hour chart and the fall from 1.0785 has completed.
USDJPY moved sideways in a range between 92.57 and 93.78. Another fall towards 92.12 is still possible. Key resistance is at 93.78, a break above this level will indicate that a cycle bottom has been formed at 92.57 level on 4-hour chart, and the fall from 94.68 has completed.
GBPUSD rises above 1.5485 and reaches as high as 1.5495 level, suggesting that the uptrend from 1.4798 has resumed. Further rally is expected later today and next target would be at 1.5600-1.5650 area. Support remains at the uptrend line on 4-hour chart and key support is located at 1.5336, only fall below this level could indicate that the rise from 1.4798 has completed.