USDJPY is in consolidation to the down trend. further fall below 117.15 previous low to reach the next cycle bottom on 4 hours chart is still possible in a couple of days. Near term resistance is at the price channel and key resistance is at 119.80, a break above this key resistance will signal the reversal to the down trend.
GBPUSD broke below 2.0156 and reached as low as 2.0154. Further fall towards 2.0050 area is still possible later today. Key resistance is at 2.0398, only break above this level will signal the reversal to the down trend.
USDCAD bottomed at 1.0461 and further rise above 1.0698 is expected to follow in the next several days. Near term resistance is at 1.0642, a break above this level will signal the resumption of the up trend.
EURUSD is in sideways consolidation in a range between 1.3609 and 1.3851. The fall from 1.3839 extended to as low as 1.3643. The pair might be bottoming at 1.3643 on 4 hours chart and rise towards 1.3800 level is expected to follow in a couple of days.
USDCHF bottomed at 1.1816 on 4 hours chart. Further rise towards 1.2025 area to reach the next cycle top is still possible later today and the next cycle top is nearing. However, the rise from 1.1816 is treated as correction to the down trend, and a break below 1.1912 key support will signal the resumption to the down trend.
As expected, AUDUSD broke below 0.8446 previous low and down trend resumed. Further fall towards 0.8350 area is expected to follow in a couple of days, break below 0.8399 level will confirm such case.