EURUSD Analysis.
EURUSD remains in uptrend from 1.3146, the pullback from 1.3833 is treated as consolidation of uptrend. Support is now at 1.3650, as long as this level holds, uptrend could be expected to resume, and another rise to 1.3950 area is still possible after consolidation. However, a breakdown below 1.3650 support could indicate that a cycle top has been formed at 1.3833 on 4-hour chart, and the rise from 1.3146 has completed.
USDCHF Analysis.
USDCHF is facing 1.8917 key support, as long as this level holds, the fall from 0.9314 could be treated as consolidation of uptrend from 0.7711, and another rise towards 1.0000 is still possible. On the other side, a breakdown below 0.8917 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 remains in uptrend from 0.9390, the fall from 1.0230 is treated as consolidation of uptrend. Support is at the uptrend line on 4-hour chart, as long as the trend line support holds, we’d expect uptrend to resume, and another rise to 1.0350 is still possible, only a clear break below the trend line could indicate that the rise from 0.9390 is complete.
USDJPY Analysis.
USDJPY failed to break above 77.85 key resistance, and pulled back from 77.48. Lengthier sideways movement could be expected continue in next several days, and the trading range is between 75.96 and 77.85.
GBPUSD Analysis.
GBPUSD stays above a uptrend line on 4-hour chart, and remains in uptrend from 1.5272. As long as the trend line support holds, uptrend could be expected to continue, and next target would be at 1.5900 zone, only a clear break below the trend line could indicate that the rise from 1.5272 is complete.
USDCAD Analysis.
USDCAD is now in downtrend from 1.0656, the rise from 1.0133 is treated as consolidation of downtrend. Further fall towards the uptrend line from 0.9406 to 0.9779 could be seen in a couple of days.
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