USDCHF Analysis.
USDCHF stays within a upward price channel on 4-hour chart, and remains in uptrend from 0.8569. As long as the channel support holds, uptrend could be expected to continue, and further rise towards 0.9314 previous is possible. On the other side, a clear break below the lower border of the channel will indicate that the rise from 0.8569 had completed, then the following downward movement could bring price to 0.8000 zone.
AUDUSD Analysis.
AUDUSD broke below 1.0053 support and continued its downward movement from 1.0751. Further decline is still possible later today, and next target would be at 0.9800 zone. 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 completed.
USDCAD Analysis.
USDCAD’s uptrend from 0.9891 extended to as high as 1.0287. Further rise is still possible later today, and target would be at 1.0400 area. Initial support is at 1.0170, below this level could indicate that a cycle top is being formed on 4-hour chart, then pullback to test 1.0055 key support could be seen.
EURUSD Analysis.
EURUSD’s downward movement from 1.4246 extended to as low as 1.3421. Resistance is now at 1.3560, as long as this level holds, downtrend could be expected to continue, and next target would be at 1.3300 area. However, a break above 1.3560 will indicate that a cycle bottom is being formed on 4-hour chart, then bounce to 1.3700 could be seen.
GBPUSD Analysis.
GBPUSD continued its downward move from 1.6092, and the fall extended to as low as 1.5694. Further fall is still possible later today, and next target would be at 1.5600 area. Resistance is at 1.5820, only break above this level could indicate that the downtrend from 1.6092 has completed.
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.
