GBPUSD Analysis.
GBPUSD’s fall from 1.5779 extended to as low as 1.5561. Further decline is still possible later today, and next target would be at 1.5500 area. Key resistance is now at 1.5779, a break above this level will indicate that the downtrend from 1.6164 had completed at 1.5423 already, then the following upward move could bring price back to 1.6500 zone.
USDCHF Analysis.
USDCHF is facing 0.9329 resistance, a break above this level will signal resumption of uptrend from 0.8569, then further rise towards 1.0000 could be seen. On the other side, as long as 0.9329 resistance holds, another fall to test 0.9066 key support is still possible.
EURUSD Analysis.
EURUSD’s fall from 1.3546 extended to as low as 1.3333. Further fall would likely be seen later today, and next target would be at 1.3250-1.3300 area. Key resistance is at 1.3546, above this level could indicate that the downtrend from 1.4246 had completed at 1.3212 already, then the following upward movement could bring price back to 1.4500 area.
AUDUSD Analysis.
AUDUSD remains in uptrend from 0.9663, the fall from 1.0327 is treated consolidation of uptrend. Range trading between 1.0000 and 1.0327 would likely be seen in a couple of days. Resistance is at 1.0327, a break above this level could signal resumption of uptrend.
USDCAD Analysis.
USDCAD is facing 1.0079 support, a breakdown below this level could signal resumption of downtrend from 1.0523, then further fall to test 0.9891 support could be seen. Resistance is 1.0222, only break above this level could indicate that lengthier consolidation of downtrend is underway.
USDJPY Analysis.
USDJPY is forming a sideways consolidation in a range between 77.29 and 78.27. Lengthier sideways movement in the range could be expected over the next several days.
