EURUSD Analysis
EURUSD is testing the previous high resistance at 1.4823, break of this level can be seen later today, and further rise towards 1.4966 (Nov 23, 2007 high) is expected to follow. Key support is at 1.4581, as long as this support holds, up trend will continue.
USDCHF Analysis
USDCHF is in down trend. Further fall towards 1.0890 (Nov 23, 2007 low) is expected, a break below this level will signal the resumption of the long term down trend. Near term resistance is at 1.1189, as long as this resistance holds, down trend will continue.
USDJPY Analysis
USDJPY is in sideways consolidation in a range between 107.89 and 110.10. Break above 110.10 would more likely be seen after consolidation, and rise towards 112.00 is expected to follow. Key support is at 107.21 (Nov 26, 2007 low), a break below this level will signal the resumption of the long term down trend.
USDCAD Analysis
USDCAD is testing the previous high resistance at 1.0248 (Dec 14, 2007 high), break of this level may be expected after consolidation. Near term support is at the edge of the rising price channel, and as long as the channel support holds, up trend will continue.
AUDUSD Analysis
AUDUSD is 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 Analysis
GBPUSD is in down trend, the fall from 2.0099 extended to as low as 1.9481. Further fall towards 1.9300 area is expected. Near term resistance is at 1.9669, a break above this level will signal consolidation to the down trend.