AUDUSD Analysis.
AUDUSD remains in downtrend from 1.0751, the rise from 1.0053 is treated as consolidation of downtrend. Key resistance is now at 1.0342, as long as this level holds, downtrend could be expected to resume, and another fall to 0.9800 is still possible. On the other side, a break above 1.0342 will indicate that the fall from 1.0751 had completed at 1.0053 already, then the following upward move could bring price to 1.0600 zone.
USDCAD Analysis.
USDCAD is facing 1.0265 resistance, a break above this level will signal resumption of uptrend from 0.9891, then next target would be at 1.0400 area. Key support remains at 1.0055, only break below this level could indicate that the rise from 0.9891 is complete.
USDCHF Analysis.
USDCHF continued its upward movement from 0.8569 and the rise extended to as high as 0.9197. Further rise towards 0.9314 is still possible later today, as long as this level holds, we’d expect downtrend to resume, and another fall to 0.8000 is possible. Support is at the lower line of the price channel on 4-hour chart, a clear break below the channel could signal resumption of downtrend.
EURUSD Analysis.
EURUSD is facing 1.3484 support, a breakdown below this level will signal resumption of downtrend from 1.4246, then next target would be at 1.3350-1.3400 area. Resistance levels are at 1.3575 and 1.3630.
GBPUSD Analysis.
GBPUSD broke below 1.5868 support and reached as low as 1.5793. Deeper decline is still possible later today, and target would be at 1.5700 area. Resistance is at 1.5930, only break above this level could trigger another rise to test 1.6164 resistance.
USDJPY Analysis.
USDJPY stays within a downward price channel on 4-hour chart, and remains in downtrend. Resistance is at the upper border of the price channel, 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.
