USDCHF Analysis.
USDCHF stays in a trading range between 1.0461 and 1.0624. Support is at 1.0461, as long as this level holds, another rise to re-test 1.0675 key resistance is still possible, a break above this level will indicate that the fall from 1.1730 (Jun 1 high) had completed at 1.0331 already. On the other side, a breakdown below 1.0461 could trigger another fall towards 1.0331 previous low.
EURUSD Analysis.
EURUSD is testing 1.2732 support, below this level will target 1.2600 area. Resistance is now at 1.2850 followed by 1.2932, as long as 1.2932 resistance holds, downtrend from 1.3333 could be expected to continue.
AUDUSD Analysis.
AUDUSD breaks below 0.8905 key support. Deeper decline is now in favor and next target would be at 0.8800 area. Resistance is now at 0.9034, only rise above this level could indicate that the downward movement from 0.9221 is complete.
GBPUSD Analysis.
GBPUSD’s fall from 1.5997 extend to as low as 1.5536 level. Further decline is still possible later today and next target would be at 1.5500 area. Resistance is at 1.5680, only rise above this level could indicate that the fall from 1.5997 is complete.
USDJPY Analysis.
USDJPY broke above 86.22 key resistance, suggesting that a cycle bottom had been formed at 84.72 on 4-hour chart. Further rally is now in favor and next target would be at 86.50 area. Key support is at 84.72, only break below this level could trigger another fall to 82.00 zone.
USDCAD Analysis.
USDCAD formed a cycle top at 1.0493 level on 4-hour chart. Range trading between 1.0250 and 1.0493 is expected in a couple of days. However, the fall from 1.0493 is more likely consolidation of uptrend from 1.0107, another rise to 1.0600 is still possible after consolidation.
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