EURUSD Analysis.
EURUSD stays in a trading range between 1.3653 and 1.3914. As long as 1.3653 support holds, the price action in the range is treated as consolidation of uptrend from 1.3146, and one more rise to 1.4000 is still possible. On the other side, a breakdown below 1.3653 could indicate that the rise from 1.3146 had completed at 1.3914 already, then the following downward movement could bring price back to 1.3500 zone.
GBPUSD Analysis.
GBPUSD broke above 1.5851 resistance and reached as high as 1.5973, suggesting that the uptrend from 1.5272 had resumed. Further rise could be expected in a couple of days, and next target would be at 1.6100 area. Key support is at 1.5631, only break below this level could indicate that the rise from 1.5272 is complete.
AUDUSD Analysis.
AUDUSD broke above 1.0371, suggesting that the uptrend from 0.9390 had resumed. Further rise is possible in a couple of days, and next target would be at 1.0500. Support is at 1.0250, below this level will indicate that lengthier consolidation of uptrend is underway.
USDCHF Analysis.
USDCHF broke below 0.8881 support, suggesting that the downtrend from 0.9314 had resumed. Further fall could be seen in a couple of days, and next target would be at 0.8500 area. Resistance is at the downtrend line from 0.9314 to 0.9082, as long as the trend line resistance holds, downtrend will continue.
USDJPY Analysis.
USDJPY broke below 75.96 previous low and reached as low as 75.81, the subsequent bounce suggests that a cycle bottom is being formed on 4-hour chart. Further rise would likely be seen later today, a break above 76.50 will indicate that lengthier sideways movement is underway, and the trading range would be between 75.81 and 77.85.
USDCAD Analysis.
USDCAD is facing 1.0043 support, a breakdown below this level will indicate that the downtrend from 1.0656 has resumed, then deeper decline to 0.9800-0.9900 area could be seen. Initial resistance is at 1.0160, only break above this level could indicate that lengthier consolidation of downtrend is underway.
