USDCHF
USDCHF is in consolidation to the down trend. Further rebounded towards 1.1300 area to reach the next short term cycle top is still in favor. Near term support is at 1.1176, a break below this level will signal the resumption of the down trend.
EURUSD
EURUSD is forming a sideways consolidation in a range between 1.4519 and 1.4751. Pullback below 1.4519 is still possible before breaking of 1.4751 level. Key resistance is at 1.4751, a break above this level will signal the resumption of the up trend.
USDJPY
USDJPY is forming a short term cycle top at 111.74 level, key support is at 109.12, a break below this level will confirm the cycle top, and further fall towards 105.00 is expected to follow. Near term resistance is at 111.74, break about this level will indicate lengthier correction to the down trend.
GBPUSD
GBPUSD is in down trend. As long as the down trend line from 2.1161 to 2.0843 holds, we expect down trend will continue, and further fall towards 2.0200 can be seen. Key resistance is at 2.0843, break above this level will signal consolidation to the down trend.
AUDUSD
AUDUSD rebounded from 0.8752, and further rise towards 0.9250 area to reach the next short term cycle top is still in favor. Near term support is at 0.8752, and long term key support is at 0.8748, a break below this level will signal the resumption of long term down trend.
USDCAD
USDCAD broke above 0.9724 previous high and reached as high as 0.9887. Further rise towards 1.0000 to reach the next short term cycle top is still possible later today. Near term support is at the up trend line from 0.9055 to 0.9511, and as long as the trend line support holds, up trend will continue.
Please click the following links for more short term and long term forex analysis.
USDCHF | USDJPY | EURUSD | GBPUSD | USDCAD | AUDUSD