EURUSD remains in downtrend from 1.4696, the bounce from 1.4321 is likely consolidation of downtrend. Resistance is at 1.4460, as long as this level holds, downtrend could be expected to resume, and another fall towards 1.3969 is still possible. On the upside, above 1.4460 will suggest that a cycle bottom is being formed at 1.4321 on 4-hour chart, then lengthier consolidation in a range between 1.4321 and 1.4550 could be seen.
USDCAD remains in uptrend from 0.9444, the fall from 0.9851 is treated as consolidation of uptrend. Support is now at 0.9712, as long as this level holds, uptrend could be expected to resume, and another rise towards 1.0000 is still possible after consolidation.
After touching the upper border of the price channel on 4-hour chart, USDJPY dropped from 80.68. The fall could possibly be resumption of downtrend from 82.22. Deeper decline to re-test 79.58 support would likely be seen later today, a breakdown below this level will indicate that the longer term downtrend from 85.51 has resumed, then next target is at 78.00. Resistance is now at 80.68, only break above this level could trigger another rise to 82.50-83.00 area.
AUDUSD is in downtrend from 1.0773. Further fall could be expected in a couple of days, and target is at the lower border of the price channel on 4-hour chart. Resistance is at the upper border of the channel, only a clear break above the channel resistance could trigger another rise towards 1.1011 previous high.
GBPUSD’s fall from 1.6546 reached 1.6214 only, the subsequent bounce would possibly be resumption of uptrend from 1.6059. Further rise towards 1.6546 resistance could be expected later today. Support levels are at 1.6350 and 1.6330.
USDCHF had formed a cycle top at 0.8467 on 4-hour chart, the fall from 0.8467 is likely resumption of downtrend from 0.8945, further fall to test 0.8326 support could be seen later today, a breakdown below this level could signal resumption of downtrend, then next target is at 0.8200 zone.