USDCHF Analysis.
USDCHF continued its upward movement from 0.8569 and the rise extended to as high as 0.9112. Support remains at the uptrend line on 4-hour chart, as long as the trend line support holds, uptrend could be expected to continue, and next target would be at 0.9200 zone. Only a clear break below the trend line could indicate that the rise from 0.8569 is complete, then the following downward move could bring price to 0.8000 area.
EURUSD Analysis.
EURUSD broke below 1.3609 support, suggesting that the downtrend from 1.4246 has resumed. Deeper decline could be seen in a couple of days, and next target would be at 1.3400 area. Resistance is now at 1.3650, as long as this level holds, downtrend will continue.
GBPUSD Analysis.
GBPUSD failed to break above 1.6164 previous high resistance, and pulled back from 1.6129, suggesting that lengthier consolidation of uptrend from 1.5272 is underway. Further fall to test 1.5877 support could be seen later today, a breakdown below this level will target 1.5700-1.5800 area.
USDCAD Analysis.
USDCAD broke above 1.0230 resistance, suggesting that the uptrend from 0.9891 has resumed. Further rise could be seen in a couple of days, and next target would be at 1.0400 area. Support is now at 1.0160, as long as this level holds, uptrend will continue.
AUDUSD Analysis.
AUDUSD broke below 1.0202 support and reached as low as 1.0108. Deeper decline could be seen in a couple of days, and next target would be at 1.0000 area. Resistance is at 1.0200, as long as this level holds,downtrend will continue.
USDJPY Analysis.
USDJPY’s fall from 79.52 extended to as low as 77.53. Further fall is still possible in a couple of days, and next target would be at 77.00 area. Resistance is now at the downtrend line on 4-hour chart, only a clear break above the trend line could indicate that the fall is complete.
