EURUSD
EURUSD is in up trend. The rise form 1.3360 extended to as high as 1.3814, and further rise towards 1.3851 (Jul 24 high) to reach the next cycle top on 4 hours chart is expected. Near term support is at the up trend line from 1.3360 (Aug 16 low) to 1.3550, and as long as the trend line support holds, up trend will continue.
USDCAD
No changed in our view, USDCAD is in down trend, the rise from 1.0470 is treated as consolidation to the down trend. Further fall below 1.0461 (Aug 8 low) to reach the next cycle bottom is expected. Key support is at 1.0339 (Jul 24 low), and this support will more likely be held. Near term resistance is at 1.0581, and followed by 1.0676, a break above 1.0676 level will signal the resumption of the up trend.
USDJPY
USDJPY is in down trend, the rise from 112.58 is treated as consolidation to the down trend. Further fall below 111.59 (Aug 17 low) is expected, and a break below 112.58 will confirm such case. Near term resistance is at 115.50, only rise above this level will signal the resumption of the up trend.
GBPUSD
No changed in our view, GBPUSD is in up trend, and further rise towards 2.0450 is still possible later today. Near term support is at the up trend line from 1.9652 (Aug 17 low) to 2.0042, and as long as the trend line support holds, up trend will continue.
USDCHF
USDCHF is in down trend. The rise from 1.1839 is treated as consolidation to the down trend. further fall below 1.1816 (Aug 6 low) to reach the next cycle bottom on 4 hours chart is expected, and a break below 1.1839 will confirm such case.
AUDUSD
No changed in our view, AUDUSD broke below the key support at 0.8182 and topped at 0.8309 on 4 hours chart. Further fall towards 0.8050 previous low is still possible later today. Near term resistance is at 0.8309, only break above this level will signal the resumption of the up trend.
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