AUDUSD Analysis.
AUDUSD moved sideways in a range between 1.0102 and 1.0371. As long as 1.0102 key support holds, the price action in the range is treated as consolidation of uptrend from 0.9390, and one more rise to 1.0500 is still possible. On the other side, a breakdown below 1.0102 support will indicate that a cycle top has been formed at 1.0371 on 4-hour chart, and the rise from 0.9390 has completed, then the following downward move could bring price back to 0.9900 zone.
EURUSD Analysis.
EURUSD had formed a cycle top at 1.3914 on 4-hour chart. Pullback to 1.3500 area would likely be seen in a couple of days. Key resistance is now at 1.3914, only break above this level could trigger another rise to 1.4100 zone.
USDCHF Analysis.
USDCHF had formed a cycle bottom at 0.8881 on 4-hour chart. Further rally would likely be seen later today, and target would be at 0.9100-0.9150 area. However, the rise from 0.8881 is treated as consolidation of downtrend from 0.9314, another fall 0.8500 could be expected after consolidation.
USDJPY Analysis.
USDJPY continued its sideways movement in a range between 76.09 and 77.48. Lengthier consolidation in the range would likely be seen in next several days. Key resistance is at 77.85, only break above this level could indicate that the longer term downtrend from 85.51 is complete.
GBPUSD Analysis.
GBPUSD failed to break above 1.5851 resistance. Another fall to 1.5500 would likely be seen in a couple of days. Key resistance is at 1.5851, only break above this level could signal resumption of uptrend.
USDCAD Analysis.
USDCAD had formed a cycle bottom at 1.0043 on 4-hour chart. Now the price action from 1.0043 is treated as consolidation of downtrend from 1.0656, another rise to 1.0300 would likely be seen. Support is at 1.0043, only break below this level could signal resumption of downtrend.
