AUDUSD broke above 0.9404 (2009 high) and reached as high as 0.9457 level. Minor consolidation of uptrend would more likely be seen in a couple of days. Support is at the uptrend line on 4-hour chart (now at 0.9313), as long as the trend line support holds, we’d expected uptrend to resume and another rise to 0.9600 is still possible. However, a clear break below this trend line support will indicate that lengthier consolidation of uptrend is underway, then the pair will find support at 0.9200-0.9250 area.
USDCHF is facing 0.9917 (2009 low) support, below this level will target 0.9700 area. Initial resistance is at 0.9990 followed by 1.0065, as long as these levels hold, downtrend is expected to continue.
EURUSD broke above 1.2921 key resistances and reached as high as 1.3032, confirming that the fall from 1.3333 had completed at 1.2587 already. Further rise is still possible in a couple of days and next target would be at 1.3100-1.3150 area. Support is at 1.2930, as long as this level holds, uptrend will continue.
GBPUSD broke above 1.5532 resistance, suggesting that the downward movement from 1.5997 has completed at 1.5296 already. Further rally is still possible in a couple of days and next target would be at 1.5700-1.5800 area. Support is now at 1.5440, only break below this level could trigger another fall to 1.5200 zone.
USDCAD stays below a downtrend line from 1.0672 to 1.0508 and remains in downtrend, and the fall extended to as low as 1.0215 level. As long as the trend line resistance holds, downtrend is expected to continue after a minor consolidation and next target would be at 1.0150 area.
USDJPY remains in downtrend from 92.88 (Jun 4 high). Further fall is still possible in a couple of days and next target would be at 82.00 area. Initial resistance is at 83.25 followed by 83.50, as long as these levels hold, downtrend will continue.