Being supported by the lower border of the price channel on 4-hour chart, USDCHF rebounded from 0.9002, suggesting that a cycle bottom is being formed. Further rally would likely be seen later today, and a break above 0.9150 could signal resumption of uptrend from 0.7711, then next target would be at 0.9500 area. Key support is at 0.8917, only breakdown below this level could indicate that the uptrend from 0.7711 had completed at 0.9314 already, then the following downward move could bring price back to 0.8500 zone.
AUDUSD remains in uptrend from 0.9390. Further rise is still possible later today, and next target would be at 1.0100-1.0150 area. Support is at 0.9850, only break below this level could indicate that a cycle top has been formed on 4-hour chart, and the rise from 0.9390 is complete.
EURUSD remains in uptrend from 1.3146. Another rise to 1.3800 to reach next cycle top on 4-hour chart is possible in a couple of days. Key support is now at 1.3555, only break below this level could indicate that a cycle top is being formed at 1.3698, and the rise from 1.3146 is complete.
USDJPY moved sideways in a narrow range between 76.51 and 77.25. As long as 76.51 support holds, lengthier sideways move could be expected to continue, only a breakdown below this level could trigger another fall to re-test 75.96 key support.
Being contained by 1.5715 resistance, GBPUSD pulled back from 1.5688, suggesting that a cycle top is being formed on 4-hour chart. Deeper decline towards 1.5272 previous low would likely be seen in next several days.
No changed in our view, USDCAD may be forming a cycle bottom at 1.0235 on 4-hour chart. Range trading between 1.0235 and 1.0656 would likely be seen in a couple of days. Initial support is at 1.0235, only break below this level could trigger another fall towards 1.0100.