AUDUSD Analysis.
Being contained by the resistance of the upper border of the price channel on 4-hour chart, AUDUSD pulled back from 1.0773. The pair is now facing 1.0587 key support, a breakdown below this level will indicate that the rise from 1.0440 had completed at 1.0773 already, then further decline toward 1.0440 previous low could be seen. On the other side, as long as 1.0587 level holds, the price action in the range between 1.0587 and 1.0773 could possibly be consolidation of uptrend from 1.0440, and one more rise towards 1.1011 is still possible.
EURUSD Analysis.
EURUSD is facing the key support of 1.4557, a breakdown below this level will indicate that the upward move from 1.3969 has completed at 1.4696 already, then the following downward move could bring price back to 1.3500. However, as long as 1.4557 holds, the fall from 1.4696 is treated as consolidation of uptrend, and one more rise to 1.4750 is still possible.
USDCAD Analysis.
No changed in our view, USDCAD is in uptrend from 0.9444, the fall from 0.9851 is treated as consolidation of uptrend. Support is at the uptrend line on 4-hour chart, as long as the trend line support holds, uptrend could be expected to resume, and another rise to 0.9900 is still possible.
GBPUSD Analysis.
GBPUSD moved sideways in a range between 1.6286 and 1.6546. As long as 1.6286 support holds, the sideways move is treated as consolidation of uptrend from 1.6059, and one more rise towards 1.6745 is possible, only break below 1.6286 could trigger another fall to test 1.6059 support.
USDCHF Analysis.
USDCHF had traded in a narrow range for several days. The price action in the range is treated as consolidation of downtrend, and another fall towards 0.8200 could be seen after consolidation, and a breakdown below 0.8326 could signal resumption of downtrend.
USDJPY Analysis.
USDJPY is facing 79.58 support, a breakdown below this level will indicate that the longer term downtrend from 85.51 has resumed, then further fall towards 78.00 could be seen. Resistance is at 80.40, only break above this level could indicate that the fall from 81.76 is complete.
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