USDCAD
USDCAD is in consolidation to the down trend. Further fall towards 1.0400 can be seen after consolidation, and a break below 1.0645 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.
EURUSD
EURUSD is in down trend, the rise from 1.3263 is treated as consolidation to the down trend. More sharply fall towards 1.3200 is still possible in a couple of days. Near term resistance is at 1.3368, as long as this resistance holds, down trend will continue.
GBPUSD
GBPUSD formed a sideways consolidation in a range between 1.9622 and 1.9784. slightly break above 1.9784 previous high to reach the next cycle top on 4 hours will more likely be seen in a couple of days. Key support is at 1.9622, a break below this level will signal the resumption of the down trend.
USDJPY
USDJPY is in up trend, the rise from 120.76 extended to as high as 123.12. 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 later today. Key resistance is 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. Cycle top on 4 hours chart will be formed and pullback toward the key support at 1.2372 will more likely be seen, and a break below the key support will confirm the cycle top.
Sponsors
Forex Articles
Forex Reviews