EURUSD
As expected, EURUSD broke below 1.3320 previous low and down trend resumed. More sharply fall towards 1.3200 to reach the next cycle bottom on 4 hours chart is still possible in a couple of days. Key resistance is at 1.3368, only break above this level will signal consolidation to the down trend.
USDCAD
No changed in our view, USDCAD is topping at 1.0712 on 4 hours chart, key support is now at 1.0589, a break below this level will confirm the cycle top and fall towards 1.0400 can be seen. Near term resistance is at 1.0712, only break above this level will delay the resumption of the down trend.
GBPUSD
GBPUSD is in down trend, the rise from 1.9622 is treated as consolidation to the down trend. Further fall towards 1.9500 can still be expected after consolidation and a break below 1.9622 previous low will signal the resumption of the down trend.
USDJPY
No changed in our view, USDJPY formed a sideways consolidation in a range between 120.76 and 122.13 for 3 weeks, and lengthier consolidation will more likely be seen in the next several days. Only break above 122.13 key resistance will signal the resumption of the up trend.
AUDUSD
No changed in our view, AUDUSD is in consolidation to the up trend, further fall towards 0.8320 to reach the next cycle bottom on 4 hours chart is still possible in a couple of days. Key resistance is now at 0.8446, a break above this level will signal the resumption of the up trend.
USDCHF
No changed in our view, USDCHF is in up trend. More sharply rise towards 1.2500 is still possible in a couple of days. Near term support is now at 1.2360, and as long as this support holds, up trend will continue.
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