USDCHF Analysis.
USDCHF remains in short term uptrend from 0.8553, and the rise extended to as high as 0.8904. Further rise is still possible later today, and next target would be at 0.8950 area. Support is now at 0.8820 followed by 0.8720, only break below these levels could indicate that the rise from 0.8553 is complete, then the following downtrend move could bring price to 0.8000 zone.
GBPUSD Analysis.
GBPUSD continued its downward move, and the fall from 1.6745 extended to as low as 1.6235. Deeper decline is still possible later today, and next target would be at 1.6150-1.6200 area. Resistance is at 1.6400, only break above this level could indicate that the downtrend from 1.6745 is complete.
EURUSD Analysis.
EURUSD remains in downtrend from 1.4939, and the fall extended to as low as 1.4123. Downtrend could be expected to continue in a couple of days, and next target would be at 1.4000 area. Key resistance is at 1.4423, only break above this level could indicate that the fall from 1.4939 is complete.
USDJPY Analysis.
USDJPY stays above a trend line on 4-hour chart, and remains in uptrend from 79.58. Further rally is still possible in a couple of days, and target would be at 81.85 area. Support is at the trend line, followed by 80.65, only break below this level would trigger another fall towards 79.58 previous low.
USDCAD Analysis.
USDCAD traded in a range between 0.9513 and 0.9711. Lengthier consolidation in the range is expected in next several days. Key resistance is at 0.9721, a break above this level will indicate that the uptrend from 0.9444 has resumed, then further rise to 0.9900-1.000 area could be seen.
AUDUSD Analysis.
Being supported by 1.0536, AUDUSD rebounded from 1.0567. Another fall to re-test 1.0536 support is still possible later today, a breakdown below this level will trigger another fall towards 1.0400. Resistance is at 1.0700, above this level will indicate that lengthier consolidation in the trading range between 1.0536 and 1.0888 is underway.
