USDCAD Analysis.
Being contained by 1.0265 resistance, USDCAD pulled back from 1.0222. However, the fall is treated as consolidation of uptrend from 0.9891, another rise towards 1.0400 is still possible after consolidation. Support is at 1.0100, only breakdown below this level could indicate that a cycle top has been formed at 1.0222 on 4-hour chart, then deeper decline to 1.0000-1.0050 area could be seen.
GBPUSD Analysis.
GBPUSD broke below 1.5891 support, suggesting that a cycle top had been formed at 1.6164 on 4-hour chart. Further fall could be seen in a couple of days, and target would be at 1.5800 area. Resistance is at 1.6050, only break above this level could trigger another rise towards 1.6300.
AUDUSD Analysis.
AUDUSD’s downward movement extended further to as low as 1.0213. Resistance is at 1.0425, as long as this level holds, downtrend from 1.0751 could be expected to continue, and next target would be at 1.0150.
USDCHF Analysis.
USDCHF is now in uptrend from 0.8569. The fall from 0.8958 is treated as consolidation of uptrend. Further rise could be seen after consolidation, and next target would be at 1.9050-1.9100 area. Support levels are at 0.8790 and 0.8700.
USDJPY Analysis.
USDJPY is forming a sideways consolidation in a range between 77.68 and 78.96. Lengthier consolidation in the range is expected in a couple of days. Support is at 77.68, a breakdown below this level will target 77.00 zone.
EURUSD Analysis.
EURUSD is now in downtrend from 1.4246, the rise from 1.3609 is treated as consolidation of downtrend. Key resistance is at 1.3925, as long as this level holds, downtrend could be expected to resume, and another fall towards 1.3400 is still possible.
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