AUDUSD Analysis.
AUDUSD might be forming a cycle bottom at 1.0505 on 4-hour chart. Rebound toward the trend line from 1.1011 to 1.0888 would likely be seen in next several days. Support is at 1.0505, only break below this level could indicate that the downtrend from 1.0100 has resumed, then next target would be at 1.0400 zone.
EURUSD Analysis.
EURUSD has formed a cycle bottom at 1.4048 on 4-hour chart. Range trading between 1.4048 and 1.4339 would likely be seen in a couple of days. Key resistance is at 1.5339, a break above this level will indicate that the downward movement from 1.4939 had completed at 1.4048 already, then the following upward move could bring price back to 1.4500-1.4600 area. However, as long as 1.4339 resistance holds, the price action from1.4048 is treated as consolidation of downtrend from 1.4939, another fall towards 1.3800 is still possible after consolidation.
USDCHF Analysis.
USDCHF formed a cycle top at 0.8945 on 4-hour chart. Deeper decline could be expected later today, and target would be at 0.8650-0.8700 area. Key resistance is at 0.8945, only break above this level could trigger another rise towards 0.9000 zone.
GBPUSD Analysis.
GBPUSD broke below 1.6147 support and continued its downward move from 1.6745. Further fall is still possible later today, and next target would be at 1.6000 area. Resistance is now at 1.6301, as long as this level holds, downtrend will continue.
USDJPY Analysis.
USDJPY stays above a trend line from 79.58 to 80.36, and remains in uptrend. As long as the trend line support holds, further rise is still possible in a couple of days, and next target would be at 83.00 area. Only a clear break below the trend line will indicate that the uptrend from 79.58 is complete.
USDCAD Analysis.
USDCAD has formed a cycle top at 0.9793 level on 4-hour chart. Pullback to 0.9600 area to reach next cycle bottom would likely be seen in next several days. Resistance is at 0.9793, only break above this level could trigger another rise to 0.9850 zone.
