USDCHF broke below the long term key support at 1.0890 (Nov 23, 2007 low), and is now in long term down trend. Further fall towards 1.0700 area to reach the next short term cycle bottom on 4-hour chart is still possible. Near term resistance is at 1.1046, only break of this level will signal consolidation to the down trend.
As expected, EURUSD broke above 1.4823 and reached as high as 1.4914. Further rally towards 1.4966 (Nov 23, 2007 high) can be seen in a couple of days. Near term support is now at 1.4760, as long as this support holds, up trend will continue.
USDJPY is testing the long term key support at 107.21 (Nov 26, 2007 low), further fall below this level is now in favor, and a break below this level will signal the resumption of the long term down trend.
No changed in our view, 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 is in up trend, the rise from 0.8682 extended to as high as 0.9002, 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 the trend line support holds, up trend will continue.
GBPUSD formed a sideways consolidation in a range between 1.9481 and 1.9669. Further fall towards 1.9300 area is still possible after consolidation, and a break below 1.9481 level will signal the resumption of the down trend.