USDCHF Analysis.
USDCHF broke above the previous high resistance at 1.1102. Further rally to test 1.1189 (Jan 8 high) resistance is still possible in a couple of days. Near term support is at the up trend line, and key support is at 1.0932, a break of the key support will indicate that the up trend from 1.0729 has completed, and pullback below 1.0729 could then be seen.
USDJPY Analysis.
USDJPY broke above the key resistance at 107.91 level and reached as high as 108.35. Further rally towards 110.00 area is still possible in a couple of days. Near term support is at 106.98, as long as this support holds, up trend will continue.
AUDUSD Analysis.
AUDUSD is forming a sideways consolidation in a range between 0.8873 and 0.9100. Further rise to 0.9300 area is still possible after consolidation, and a break of 0.9100 level will confirm such case.
EURUSD Analysis.
EURUSD formed a short term cycle bottom at 1.4438 level. Further rally towards 1.4800 area to reach the next cycle top on 4-hour chart is still possible in a couple of days. Key support is at 1.4438, only break of this level will signal the resumption of the down trend.
USDCAD Analysis.
USDCAD formed a sideways consolidation in a range between 0.9871 and 1.0126. Rise to test 1.0378 previous high will more likely be seen if 1.0126 gives way. Key support is at 0.9871, only break below this level will indicate that down trend is underway, and further pullback to test 0.9756 December low could then be seen.
GBPUSD Analysis.
GBPUSD formed a short term cycle bottom at 1.9386 level on 4-hour chart. Further rise towards 1.9800 area to reach the next cycle top is still possible in a couple of days. Key support is at 1.9386, a break below this level will signal the resumption of the down trend, and further fall to 1.9000 area could be seen.
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