GBPUSD Analysis.
GBPUSD broke above 1.6139 key resistance, suggesting that the downtrend from 1.6546 had completed at 1.5781 already. Further rise could be seen in a couple of days, and next target would be at 1.6300 area. Support is at 1.6080, only break below this level will indicate that consolidation of uptrend is underway.
USDCHF Analysis.
USDCHF broke below 0.8275 support and reached as low as 0.8084. Further fall is still possible after a minor consolidation, and next target is at 0.8000. Resistance levels are at 0.8160 and 0.8200, as long as these levels hold, downtrend will continue.
EURUSD Analysis.
EURUSD rose strongly to as high as 1.4281, suggesting that the fall from 1.4577 had completed at 1.3837 already. Further rally is still possible in a couple of days, and next target would be at 1.4400-1.4500 area. Support is at 1.4130, as long as this level holds, uptrend from 1.3837 will continue.
AUDUSD Analysis.
AUDUSD had formed a cycle bottom at 1.0525 on 4-hour chart. Further rise towards 1.1011 is expected in next several days. Initial support is at 1.0725, only break below this level could indicate that minor consolidation of uptrend from 1.0525 is underway, then pullback to 1.0690 area could be seen.
USDJPY Analysis.
USDJPY continued its downward move from 81.47, and the fall extended to as low as 78.50. Deeper decline could be expected later today, and next target would be at 78.00 area. Resistance is at 79.55, only break above this level will indicate that the fall from 81.47 is complete.
USDCAD Analysis.
USDCAD broke below 0.9567 support, suggesting that the downtrend from 0.9912 has resumed. Further fall could be expected in a couple of days, and next target would be at 0.9500 area. Resistance is at 0.9600, as long as this level holds, downtrend from 0.9777 will continue.
