AUDUSD Analysis.
AUDUSD stays above a uptrend line on 4-hour chart, and remains in uptrend from 0.9390, and the rise has extended to as high as 1.0344. As long as the trend line support holds, uptrend could be expected to continue, and further rise to 1.0500 is possible after a minor consolidation. On the downside, a clear break below the trend line could indicate that a cycle top has been formed on 4-hour chart, and the rise from 0.9390 has completed, then pullback to 0.9900 could be seen.
EURUSD Analysis.
EURUSD continued its upward movement from 1.3146 last week, and the rise extended to as high as 1.3894. Key support is now at 1.3685, as long as this level holds, uptrend could be expected to continue, and next target would be at 1.4000 zone, only a breakdown below 1.3685 could indicate that the rise from 1.3146 is complete.
USDCHF Analysis.
USDCHF broke below 0.8917 key support, suggesting that the uptrend from 0.7711 had completed at 0.9314 already. Deeper decline is expected later today, and next target would be at 0.8800 area. Resistance is at 0.9040, only break above this level could indicate that the fall from 0.9314 is complete.
USDJPY Analysis.
USDJPY is facing 77.48 resistance, a break above this level could trigger another rise to test 77.85 key resistance, above this level could indicate that the longer term downtrend from 85.51 had completed at 75.96 already. On the other side, as long as77.48 resistance holds, another fall towards 75.96 is possible.
GBPUSD Analysis.
GBPUSD 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 area, only a clear break below the trend line could indicate that the rise from 1.5272 is complete.
USDCAD Analysis.
USDCAD’s downward movement from 1.0656 extended to as low as 1.0090. Further fall would likely be seen in a couple of days, and target would be at the uptrend line from 0.9406 to 0.9779. Resistance is at 1.0275, only break above this level could indicate that the fall from 1.0656 is complete.
