USDCAD Analysis.
USDCAD stays in a trading range between 1.0055 and 1.0265. The price action in the range is treated as consolidation of uptrend from 0.9891. As long as 1.0055 key support holds, another rise towards 1.0400 is still possible, and a break above 1.0265 could signal resumption of uptrend. On the downside, a breakdown below 1.0055 will indicate that the rise from 0.9891 had completed at 1.0265 already, then the following downward move could bring price to 0.9600 zone.
USDCHF Analysis.
USDCHF stays in a rising price channel on 4-hour chart, and remains in uptrend from 0.8569. Further rise towards 0.9314 previous high is still possible later today. Support is at the lower border of the price channel, only a clear break below the channel could indicate that the rise is complete.
EURUSD Analysis.
EURUSD failed to break above 1.3866 resistance and pulled back from 1.3809. As long as 1.3866 resistance holds, the price action from 1.3609 could be treated as consolidation of downtrend from 1.4246, and one more fall to 1.3400 is still possible, only break above 1.3866 could indicate that the fall from 1.4246 had completed.
GBPUSD Analysis.
GBPUSD traded in a range between 1.5868 and 1.6164 for several days. The price action in the range is treated as consolidation of uptrend from 1.5272. Pull back to 1.5800 area to complete the consolidation would likely be seen.
AUDUSD Analysis.
AUDUSD’s rise from 1.0053 can reach 1.0342 only. As long as 1.0445 key resistance holds, the price action in the range between 1.0053 and 1.0445 could be treated as consolidation of downtrend from 1.0751, and one more fall towards 0.9800 is still possible, only break above 1.0445 could indicate that the fall from 1.0751 had completed.
USDJPY Analysis.
USDJPY stays in a downward channel on 4-hour chart, and remains in downtrend. As long as the channel resistance holds, downtrend could be expected to continue, and next target would be at 76.50 area, only a clear break above the upper line of the channel could indicate that the fall had completed.
