USDCAD Analysis
USDCAD broke above the down trend line resistance and formed a short term cycle bottom at 0.9756 level on 4-hour chart, and the down trend from 1.0248 may complete at this level. Further rebound towards 1.0050 area to reach the next cycle top is still possible. Near term support is at 0.9756, only breakdown below this level will signal the resumption of the down trend.
EURUSD Analysis
EURUSD is in consolidation to the up trend. Pullback towards 1.4550 area is expected before breaking above the previous high resistance at 1.4769, and a break of 1.4769 level will signal the resumption of the up trend.
AUDUSD Analysis
AUDUSD is moving to the next short term cycle top, and the next cycle top is nearing. Near term support is at the up trend line, and key support is at 0.8710, a break below this level will confirm the cycle top, and further fall towards 0.8551 previous low can be seen.
USDJPY Analysis
USDJPY is in down trend. Further fall towards 107.21 previous low to reach the next short term cycle bottom is still possible. Near term resistance is at 112.00, and as long as this resistance holds, down trend will continue.
GBPUSD Analysis
GBPUSD formed a short term cycle top at 2.0099 level on 4-hour chart. Further fall towards 1.9200 area is expected, and a break below 1.9755 previous low will confirm such case. Near term resistance is at 2.0099, only rise above this level will indicate lengthier correction to the down trend.
USDCHF Analysis
USDCHF is in down trend. Further fall towards 1.1055 area to reach the next short term cycle bottom on 4-hour chart is still possible. Near term resistance is at the down trend line, and as long as the trend line resistance holds, down trend will continue.
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USDCHF | USDJPY | EURUSD | GBPUSD | USDCAD | AUDUSD