USDJPY
USDJPY broke below 111.59 (Aug low) long term key support. Further fall towards 108.00 is still possible in a couple of days. Near term resistance is at the down trend line, and as long as the trend line resistance holds, down trend will continue.
EURUSD
EURUSD is in up trend. The rise from 1.4125 extended to as high as 1.4751. Further rally towards 1.5000 is still possible after consolidation. Near term support is at the up trend line from 1.4125 to 1.4442, and as long as the trend line support holds, up trend will continue.
GBPUSD
GBPUSD broke below the price channel support, and formed a short term cycle top at 2.1161 level. Pullback towards the up trend line from 1.9879 (Sep 18 low) to 2.0257 (Oct 22 low) is expected. Key resistance is at 2.1161, only break of this level will signal the resumption of the up trend.
AUDUSD
AUDUSD formed a short term cycle top at 0.9398. Further pullback towards 0.9000 area is still possible in a couple of days. Key resistance is at 0.9398, a break above this level will signal the resumption of the up trend.
USDCHF
USDCHF is in down trend. The fall from 1.1784 extended to as low as 1.1187 level. Further fall towards 1.1000 is still possible in a couple of days. Near term resistance is at 1.1400, and as long as this resistance holds, down trend will continue.
USDCAD
USDCAD is in correction to the down trend. Further rise towards 0.9600 is still possible in the next several 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