USDCHF
USDCHF broke below 1.2090 and reached 1.1999 low. The pair is testing the previous low support at 1.1993 (April low), and fall below this level can be seen after a slightly correction to the down trend. Near term resistance is at the down trend line from 1.2426 to 1.2341, as long as the trend line resistance holds, down trend will continue.
GBPUSD
GBPUSD broke above 2.0206 previous high and up trend resumed. Further rise towards 2.0400 is expected to follow in the next several days. Near term support is at 2.0150 and followed by the up trend line from 1.9657 to 2.0056, now at 2.0120.
USDJPY
USDJPY broke below 122.09 previous low and reached as low as 120.98. Sideways consolidation is expected to follow before breaking below 120.76 (June 8 low). Near term support is at 120.76 and near term resistance is at 122.80.
USDCAD
USDCAD is in down trend, the rise from 1.0443 is treated as correction to the down trend. Fall below 1.0443 to reach the next cycle bottom on 4 hours chart is expected to follow in a couple of days. Key resistance is at 1.0633, only break above this level will signal the reversal to the down trend.
EURUSD
EURUSD broke above 1.3659 previous high and reached as high as 1.3787. Further rise towards 1.3900 is expected to follow in the next several days. Near term support is at the up trend line from 1.3423 to 1.3593, and 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, pullback towards 0.8500 area to reach the next cycle bottom on 4 hours chart is still possible in a couple of days, and up trend will resume after consolidation.
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