USDCAD Analysis.
USDCAD stays in a falling price channel on 4-hour chart, and remains in downtrend from 0.9777, and the fall extended to as low as 0.9406. Resistance is at the upper border of the price channel, as long as the channel resistance holds, downtrend could be expected to continue, and next target would be at 0.9300. Only a clear break above the channel resistance will suggest that a cycle bottom is being formed, then consolidation of downtrend could be seen to follow.
USDCHF Analysis.
USDCHF remains in downtrend from 0.8276. Further fall could be seen in a couple of days, and next target would be at 0.7800 area. Resistance levels are at 0.8070 and 0.8100, as long as these levels hold, downtrend will continue.
USDJPY Analysis.
USDJPY continued its downward movement from 81.47, and the fall extended to as low as 77.77. Further fall could be seen in a couple of days, and next target would be at 77.00 area. Resistance is at the downtrend line on 4-hour chart, only a clear break above the trend line resistance could indicate that the fall is complete.
EURUSD Analysis.
EURUSD’s upward movement extended to as high as 1.4535. Further rise is still possible in a couple of days, and next target would be at 1.4650 area. Support is at 1.4390, as long as this level holds, uptrend will continue.
GBPUSD Analysis.
GBPUSD’s upward move extended to as high as 1.6438. Further rise is still possible in a couple of days, and next target would be at 1.6500. Support is now at 1.6340, as long as this level holds, uptrend will continue.
AUDUSD Analysis.
AUDUSD broke above 1.1011 previous high resistance, and reached as high as 1.1060. Further rise is still possible after a minor consolidation, and next target would be at 1.1200 area, support is at the uptrend line on 4-hour chart, as long as the trend line support holds, uptrend will continue.
