EURUSD Analysis.
EURUSD formed a cycle top at 1.3437 level on 4-hour chart. Another fall to 1.3050 area is still possible later today. Resistance is at 1.3437, only break above this level could indicate that the downward movement from 1.4281 had completed at 1.2969 already, then the following uptrend could bring price to 1.3600-1.3700 area.
GBPUSD Analysis.
GBPUSD’s rise from 1.5484 extended to as high as 1.5835 level. Further rise is still possible later today and next target would be at 1.5950 area. Support is at 1.5655, only break below this level could indicate that the upward move from 1.5484 has completed.
AUDUSD Analysis.
AUDUSD formed a cycle top at 0.9964 level on 4-hour chart and is now in downtrend from 0.9964, the bounce from 0.9752 is likely correction of the downtrend. Another fall to 0.9650-0.9700 area is still possible. Key resistance is at 0.9964, only break above this level could trigger another rise towards 1.0182 previous high.
USDCHF Analysis.
USDCHF is in uptrend from 0.9725, the fall from 0.9914 is treated as correction of uptrend. Further rise towards 1.0066 would likely be seen in a couple of days. Key support is at 0.9725, only break below this level could trigger another fall to 0.9650 area.
USDJPY Analysis.
Being contained by 84.40 resistance, USDJPY pulled back from 84.30. However, another rise to re-test 84.40 key resistance is still possible later today, a break above this level will indicate that the uptrend from 80.30 has resumed, then next target would be at 85.00 area.
USDCAD Analysis.
USDCAD is forming a sideways consolidation in a range between 0.9977 and 1.0372 (Oct 19 high). Rise to 1.0200 area would likely be seen later today.
