USDCAD
USDCAD broke above the down trend line resistance, further rise towards 1.1613 to reach the next cycle top is still possible later today. Near term support is at 1.1498, a break below this level will signal the resumption of the down trend. Near term resistance is at 1.1613, break above this level will indicate lengthier consolidation is underway and delay the resumption of the down trend.
AUDUSD
AUDUSD broke above 0.8108 previous high and up trend extended to as high as 0.8181, further rise towards 0.8300 level is still possible in the next several days. Near term support is at the up trend line from 0.7680 to 0.8057, and key support is at 0.8057, only break below the key support will signal the reversal to the up trend.
EURUSD
EURUSD formed a sideways consolidation in a range between 1.3253 and 1.3410, fall towards 1.3070 (the day low of Mar 5) can be expected in the next several days, and a break below 1.3287 will confirm such case. Only break above the key resistance at 1.3410 will signal the resumption of the up trend.
GBPUSD
GBPUSD broke above the key resistance at 1.9726, further rise towards 1.9913 (the day high of Jan 23) is still possible in the next several days. Near term support is at the up trend line, from 1.9212 to 1.9545, now at 1.9590, only break below the trend line support will signal the reversal to the up trend.
USDCHF
USDCHF broke above 1.2227 key resistance and bottomed at 1.2082 on 4 hours chart. Further rise above 1.2354 (the day high of Mar 9) to reach the next cycle top on 4 hours chart is still in favor, and a break above 1.2239 will confirm such case. Only break below 1.2082 level will signal the resumption of the down trend.
USDJPY
No changed in our view, USDJPY bottomed at 116.38 on 4 hours chart. Further rise towards 119.00 is still possible in the next several days. Near term support is at 116.38, only break below this level will delay the resumption of the up trend.