USDCHF stays in a trading range between 0.7769 and 0.8014. The price action in the range is treated as consolidation of uptrend from 0.7067. As long as 0.7769 support holds, uptrend could be expected to resume, and another rise to 0.8250 is possible. On the other side, a breakdown below 0.7769 could indicate that a cycle top has been formed at 0.8014 already, and the rise from 0.7067 has completed, then the following downward move could bring price back to 0.7500 area.
As expected, EURUSD broke below 1.4325 key support and formed a cycle top at 1.4517 on 4-hour chart. Now the fall from 1.4517 would possibly be resumption of downtrend, further fall would likely be seen after a minor consolidation, and next target would be at 1.4100 area.
USDJPY moved sideways in a narrow range between 76.29 and 77.19. One more fall to test 76.29 support is still possible, a breakdown below this level could signal resumption of the long term downtrend. Key resistance located at 77.19, above this level could indicate that the fall from 80.23 has completed, then the following upward move could bring price back to 79.00-79.50 area.
GBPUSD remains in uptrend from 1.6110, the fall from 1.6590 is treated as consolidation of uptrend. As long as 1.6370 support holds, uptrend could be expected to resume, and another rise toward 1.6745 previous high is still possible.
USDCAD failed to break below 0.9765 support and rebounded from 0.9774, suggesting that lengthier sideways movement is underway. As long as 1.0009 key resistance holds, we’d expect downtrend to resume, and another fall to re-test 0.9765 key support is still possible.
AUDUSD remains in uptrend from 0.9927, the fall from 1.0601 is treated as correction of uptrend. Initial support is at the lower border of the price channel on 4-hour chart, as long as the channel support holds, another rise towards 1.1080 is still possible.