EURUSD
EURUSD is in down trend, the fall from 1.3553 extended to as low as 1.3263. More sharply fall towards 1.3200 to reach the next cycle bottom on 4 hours chart is still possible in a couple of days. Near term resistance is at 1.3368, only break above this level will signal consolidation to the down trend.
USDCAD
USDCAD is in consolidation to the down trend, further fall towards 1.0400 can be expected after consolidation, and a break below 1.0589 key support will signal the resumption of the down trend. Near term resistance is at 1.0737, break above this level will indicate lengthier consolidation is underway and delay the resumption of the down trend.
GBPUSD
No changed in our view, 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
USDJPY broke above the previous high resistance at 122.13 and up trend resumed. More sharply rise towards 124.00 is still possible in a couple of days. Near term support is at the up trend line from 120.76 to 121.49, as long as the trend line support holds, up trend will continue.
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
USDCHF is in up trend, the rise from 1.2146 extended to as high as 1.2467. More sharply rise towards 1.2550 is still possible in a couple of days. Near term support is now at 1.2410 followed by 1.2372, and as long as 1.2372 support holds, up trend will continue.
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