USDCHF Analysis.
USDCHF broke above 0.9329 resistance, suggesting that the uptrend from 0.8569 has resumed. Further rise could be expected over the next several days, and target would be at 1.0000 area. Support is now at the upward trend line on 4-hour chart, as long as the trend line support holds, uptrend will continue.
GBPUSD Analysis.
GBPUSD broke below 1.5561 support. Further decline is still possible later today, and next target would be at 1.5450-1.5500 area. As long as 1.5423 key support holds, we’d expect uptrend to resume, and one more rise to 1.5900 is still possible.
EURUSD Analysis.
EURUSD broke below 1.3212 previous low and is now facing 1.3146 (Oct 4 low) key support, a breakdown below this level will indicate that the longer term downtrend from 1.4939 (May 4 high) has resumed, then further decline towards 1.1500 could be seen.
AUDUSD Analysis.
AUDUSD continued its downward movement from 1.0378 and the fall extended to as low as 1.0029. Further decline would likely be seen in a couple of days, and next target would be at 09900 area. Resistance is at 1.0150, as long as this level holds, downtrend will continue.
USDCAD Analysis.
USDCAD’s rise from 1.0051 extended to as high as 1.0284, suggesting that the downtrend from 1.0523 had completed. Further rally could be seen over the next several days, and next target would be at 1.0400 area.
USDJPY Analysis.
USDJPY’s rise from 77.13 extended to as high as 78.00. further rise to test 78.27 resistance could be seen in a couple of days, a break above this level could signal resumption of uptrend from 76.56.
