USDCHF Analysis.
USDCHF broke below the price channel on 4-hour chart, and is now facing the support of 0.8917, as long as this level holds, the fall from 0.9314 is treated as consolidation of uptrend from 0.7711, and one more rise towards 1.0000 is still possible. However, a breakdown below 0.8917 key support will indicate that the rise from 0.7711 had completed at 0.9314 already, then the following downward move could bring price to 0.8500 zone.
AUDUSD Analysis.
AUDUSD continued its upward movement from 0.9390, and the rise extended to as high as 1.0205. Further rise is still possible in a couple of days, and next target would be at 1.0250-1.0300 area.. support is now at the uptrend line on 4-hour chart, only a clear break below the trend line could indicate that the rise from 0.9390 is complete.
EURUSD Analysis.
EURUSD’s upward movement from 1.3146 extended to as high as 1.3833. Further rise is still possible in a couple of days, and next target would be at 1.3950 area. Key support is now at 1.3565, as long as this level holds, uptrend will continue.
USDJPY Analysis.
USDJPY bounced strongly to as high as 77.48 level. Further rise to test 77.85 resistance is still possible after a minor consolidation, a break above this level will suggest that the fall from 85.51 had completed at 75.96 already, then the following upward move could bring price to 80.00 zone.
GBPUSD Analysis.
GBPUSD broke above 1.5715 resistance and reached as high as 1.5797. Further rise is still possible after a minor consolidation, and next target would be at 1.5900 area. Support is now at the uptrend line on 4-hour chart, as long as the trend line support holds, uptrend will continue.
USDCAD Analysis.
USDCAD break below 1.0143 support, and reached as low as 1.0133, suggesting that the uptrend from 0.9406 had completed at 1.0656 already. Deeper decline would likely be seen in a couple of days, and next target would be at 1.0000 area.
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