USDCHF Analysis.
USDCHF may be forming a cycle top at 0.9783 level on 4-hour chart. Key support is at 0.9604, a breakdown below this level will confirm the cycle top and indicate that the rise from 0.9300 had completed, then the following downward move could bring price back to 0.9400-0.9500 area. Resistance is at 0.9783, only break above this level could trigger another rise to 9900 zone.
AUDUSD Analysis.
AUDUSD bounced strongly from 0.9803, suggesting that a cycle bottom had been formed on 4-hour chart, and the fall from 1.0255 had completed. Further rally is now in favor and next target would be at 1.0100 area. Support is at 0.9803, only break below this level could trigger another fall towards 0.9600.
EURUSD Analysis.
EURUSD had formed a cycle bottom at 1.2874 level on 4-hour chart and the bounce had brought price to as high as 1.3144 level. Further rise towards 1.3250-1.3300 area could be seen in a couple of days. Support is at 1.3070 followed by 1.3000.
USDJPY Analysis.
USDJPY is in consolidation of uptrend from 80.93. Another fall to 82.00 to reach next cycle bottom on 4-hour chart is expected in a couple of days. Resistance is at 83.68, a break above this level could indicate that the uptrend from 80.93 has resumed, then next target would be at 84.49 previous high.
GBPUSD Analysis.
GBPUSD broke above 1.5664 key resistance. Further rally towards 1.5910 resistance is still possible in a couple of days. Support is at 1.5690, as long as this level holds, uptrend from 1.5344 could be expected to continue.
USDCAD Analysis.
USDCAD remains in downtrend from 1.0033 and the fall extended to as low as 0.9848 level. Deeper decline is still possible in a couple of days and next target would be at 0.9800 area. Resistance is at 0.9900, as long as this level holds, downtrend will continue.
