USDCHF Analysis.
USDCHF stays below the falling trend line from 1.0624 to 1.0450 and remains in downtrend, the bounce from 1.0064 is treated as consolidation of downtrend. As long as the trend line resistance holds, downtrend is expected to continue and another fall to 1.0000 is still possible.
GBPUSD Analysis.
GBPUSD broke above the downtrend line on 4-hour chart, suggesting that the fall from 1.5997 has completed at 1.5296 already. Another rise to test 1.5597 resistance is expected. Key support is at 1.5296, only break below this level could trigger another fall to 1.5200 area.
AUDUSD Analysis.
AUDUSD broke above 0.9180 resistance, suggesting that the uptrend from 0.8771 has resumed. Further rise towards 0.9221 could be seen later today. Key support is now at 0.9092, only fall below this level could indicate that lengthier consolidation of uptrend is underway, then deeper decline could be seen to 0.9000 area.
USDCAD Analysis.
USDCAD is in consolidation of downtrend. Range trading between 1.0339 and 1.0568 is expected and another rise towards 1.0568 would more likely be seen. However, the pair is facing 1.0339 support, below this level could target 1.0250-1.0300 area.
EURUSD Analysis.
Being supported by a rising trend line on 4-hour chart, EURUSD rebounded from 1.2659, suggesting that a cycle bottom is being formed. Another rise to re-test 1.2921 resistance would more likely be seen. Support is now at 1.2659, only break below this level could trigger another fall towards 1.2587 previous low.
USDJPY Analysis.
USDJPY might be forming a cycle bottom at 83.34 level on 4-hour chart, bounce to 85.00 area would more likely be seen in a couple of days. Support is at 83.34, only break below this level could trigger another fall to 83.00 area.
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