AUDUSD Analysis.
AUDUSD stays in a trading range between 0.9803 and 1.0076. The price action in the trading range is more likely consolidation of downtrend from 1.0255. As long as 1.0076 resistance holds, downtrend could be expected to resume and one more fall towards 0.9600 is possible. Only break above 1.0076 will indicate that the fall from 1.0255 had completed at 0.9803 already.
EURUSD Analysis.
EURUSD remains in uptrend from 1.2874 and the rise to as high as 1.3685 level. Support is at 1.3540, as long as this level holds, uptrend could be expected to continue and next target would be at 1.3800 area.
GBPUSD Analysis.
No changed in our view, GBPUSD is in consolidation of uptrend. Range trading between 1.5800 and 1.6058 is expected in a couple of days. As long as 1.5800 support holds, uptrend could be expected to resume and one more rise towards 1.6298 (Nov 4, 2010 high) resistance is still possible after consolidation.
USDCHF Analysis.
USDCHF broke below 0.9520 support and reached as low as 0.9472 level, suggesting that the downtrend from 0.9783 has resumed. Deeper decline is still possible in a couple of days and next target would be at 0.9400 area.
USDJPY Analysis.
USDJPY formed a cycle top at 83.11 level on 4-hour chart. However, the fall from 83.11 is more likely correction of uptrend from 81.85, one more rise toward 85.00 area is still possible, and a break above 83.11 level could signal resumption of uptrend. Support is at 81.85, only break below this level could trigger another fall to 81.00 area.
USDCAD Analysis.
USDCAD is in downtrend from 1.0030. Deeper decline could be expected in a couple of days, and target would be at 0.9836 previous low, a breakdown below this level could target 0.9600 area.
