USDCHF break below 1.1017 previous low, and down trend resumes. Further fall below 1.0890 (Nov 23, 2007 low) is expected to follow. Near term resistance is now at 1.1189, as long as this resistance holds, down trend will continue.
No changed in our view, USDJPY formed a short term cycle bottom at 107.89 on 4-hour chart. Further rebound towards 112.00 area is still possible in a couple of days. Key support is at 107.89, only break below this level will signal the resumption of the down trend.
USDCAD is in up trend, and the rise from 0.9756 extended to as high as 1.0150. Further rally towards 1.0248 previous high is expected. Near term support is at the edge of the rising price channel, and as long as the channel support holds, up trend will continue.
EURUSD formed a short term cycle bottom at 1.4638 level on 4-hour chart. Further rise towards 1.4950 area may be expected. Key support is at 1.4581, as long as this support holds, up trend will continue.
AUDUSD is now in up trend, the rise from 0.8682 extended to as high as 0.8975, and further rise towards 0.9200 area to reach the next short term cycle top is still possible. Near term support is at the up trend line from 0.8682 to 0.8784, as long as this support holds, up trend will continue.
GBPUSD is in down trend, the fall from 2.0099 extended to as low as 1.9539. Further fall towards 1.9300 area is expected. Near term resistance is at 1.9849, as long as this resistance holds, down trend will continue.