USDJPY’s up trend from 95.77 extends to as high as 102.83. Further rally to test 103.59 resistance is still possible later today. Near term support is at 101.51, as long as this support holds, we’d expect uptrend to continue.
AUDUSD is in down trend. Rebound from 0.9031 is treated as correction to the down trend. As long as 0.9252 previous high resistance holds, we’d expect down trend to resume and further fall test 0.8953 is still possible.
EURUSD broke below the key support at 1.5726 and formed a short term cycle top at 1.5896 on 4-hour chart. Further fall to test 1.5342 previous low support is still possible in a couple of days, and a break of 1.5532 will signal the resumption of the down trend. Key resistance is at 1.5902, only break of this level will signal the resumption of the long term up trend.
USDCHF broke above 0.9996 key resistance and formed a short term cycle bottom at 0.9870 level on 4-hour chart. Further rise to test 1.0249 previous high resistance is still possible after consolidation.
Being contained by the previous high resistance at 1.0378, USDCAD pulled back from 1.0326 sharply to as low as 1.0129. Deeper decline to test 1.0094 support is still possible later today, a break of this level will pull price back to 1.0000 area.
Bing contained by the previous low support at 1.9736, GBPUSD rebound from 1.9730 level. As long as 1.9979 resistance holds, we expect down trend to resume and deeper decline to test 1.9337 is still in favor.