EURUSD Analysis.
EURUSD remains in downtrend from 1.4939, the bounce from 1.4255 is treated as consolidation of downtrend. Resistance is at 1.4445 followed by 1.4520, as long as these levels hold, downtrend could be expected to resume, and another fall towards 1.4100 is still possible. On the upside, a break above 1.4520 will indicate that lengthier consolidation of downtrend is underway, then further rally could be seen to 1.4680 zone.
GBPUSD Analysis.
No changed in our view, GBPUSD remains in downtrend from 1.6745, and the price action from 1.6270 is treated as consolidation of downtrend. Range trading between 1.6270 and 1.6463 is is expected later today. As long as 1.6463 resistance holds, downtrend is expected to resume, and another fall towards 1.6150-1.6200 is still possible. Only a break above 1.6463 could indicate that the fall from 1.6745 has completed at 1.6270 already, then further rally could be seen to 1.6545 area.
USDJPY Analysis.
USDJPY broke above 80.92 resistance, suggesting that the downward move from 85.51 has completed at 79.58 already. Further rally is still possible in a couple of days, and next target would be ta 81.50-82.00 area.
USDCAD Analysis.
USDCAD broke below 0.9573 support, suggesting that the bounce from 0.9444 has completed at 0.9711 already. Deeper decline could be seen later today, and target would be at 0.9500 area. Key support is at 0.9444, as long as this level holds, one more rise towards 0.9800 is possible.
USDCHF Analysis.
USDCHF continued its upward move from 0.8553, and reached as high as 0.8823. Support is at 0.8700, as long as this level holds, uptrend is expected to continue, and next target would be at 0.8900 area. However, a breakdown below 0.8700 will indicate that the rise from 0.8553 is complete, then another fall towards 0.8000 could be seen.
AUDUSD Analysis.
AUDUSD continued its upward movement from 1.0536, and the rise extended to as high as 1.0854. However, the rise is treated as correction of downtrend from 1.1011, as long as 1.1011 key resistance holds, another fall towards 1.0000 could be expected.
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