USDCAD
USDCAD is in down trend. The fall from 1.1825 (Mar 5 high) extended to as low as 1.1046. Sideways consolidation might be seen before breaking below the long term support at 1.1031 (Aug 31, 2006 low). Key resistance is at 1.1227, a break above this level will signal the reversal to the down trend.
GBPUSD
GBPUSD is bottoming at 1.9864 on 4 hours chart, key resistance is at 2.0045, a break above this level will confirm the cycle bottom and further rise above 2.0132 previous high can be expected in a couple of days. Near term support is at the price channel and followed by 1.9864, only break below 1.9864 will delay the resumption of the up trend.
USDJPY
USDJPY formed a sideways consolidation in a range between 118.88 and 119.76, further rise above 119.86 previous high can be expected later today, and target would be above 120.50. Near term support is at 118.88, only break below this level will delay the resumption of the up trend.
AUDUSD
No changed in our view, AUDUSD is in correction to the medium term up trend. Further fall towards 0.8150 will more likely be seen in the next several days. Near term resistance is at 0.8358, and key resistance is at 0.8392, only break above the key resistance will signal the resumption of the up trend.
EURUSD
EURUSD is in consolidation to the up trend, further rise towards 1.3750 to reach the next cycle top on daily chart is still possible later today. Near term support is at 1.3584, only break below this level will delay the resumption of the up trend.
USDCHF
USDCHF formed a sideways consolidation to the down trend. Further fall towards 1.1900 to reach the next cycle bottom on 4 hours chart can be expected after breaking below 1.1993 level. Key resistance is at 1.2126, only break above this level will signal the reversal to the down trend.