EURUSD
EURUSD is in up trend. The rise from 1.4125 extended to as high as 1.4728. Further rise towards 1.5000 is still possible after consolidation. Near term support is at the up trend line from 1.4125 to 1.4442, as long as the trend line support holds, up trend will continue.
GBPUSD
GBPUSD is testing the resistance of the price channel. Pullback towards 2.0800 will more likely be seen in a couple of days, and a break below the price channel support will confirm such case. Near term resistance is at 2.1069, only break of this level will signal the resumption of the up trend.
AUDUSD
AUDUSD is consolidation to the up trend. Further fall towards 0.9107 to reach the next short term cycle bottom is still possible later today. Key resistance is at 0.9398, a break above this level will signal the resumption of the up trend.
USDJPY
USDJPY broke below 111.23 key support and reached as low as 112.04. Further fall below 111.59 (Aug low) can be seen after consolidation. Key resistance is at 115.91 only break of this level will signal the resumption of the up trend.
USDCHF
USDCHF broke below the long term key support at 1.1287 (Dec 31, 2004 low) and reached 1.1256 level. Further fall towards 1.1000 is still possible after consolidation. Near term resistance is at the down trend line, and as long as the trend line resistance holds, down trend will continue.
USDCAD
USDCAD is in correction to the down trend. Further rise towards 0.9600 area to reach the next short term cycle top is still possible in a couple of days. Down trend will resume after correction, and a break below 0.9056 previous low will signal the resumption of the down trend.
Please click the following links for more short term and long term forex analysis.
USDCHF | USDJPY | EURUSD | GBPUSD | USDCAD | AUDUSD