AUDUSD Analysis.
AUDUSD remains in downtrend from 1.0378, and the fall has extended to as low as 0.9979. Further decline could be seen after a minor consolidation and next target would be at 0.9800 area. Resistance is at the downward trend line on 4-hour chart, only a clear break above the trend line could indicate that the fall from 1.0378 is complete.
USDCHF Analysis.
USDCHF’s upward movement from 0.8569 has extended to as high as 0.9477. Further rise is expected in a couple of days, and next target would be at 0.9600 area. Support is at the uptrend line on 4-hour chart, as long as the trend line support holds, uptrend will continue.
GBPUSD Analysis.
GBPUSD is now facing 1.5423 key support, a breakdown below this level could signal resumption of the downtrend from 1.6164. However, as long as 1.5423 key support holds, one more rise to 1.5900 is still possible.
EURUSD Analysis.
EURUSD broke below 1.3146 (Oct 4 low) key support, suggesting that the longer term downtrend from 1.4939 (May 4 high) has resumed. Further fall could be seen after a minor consolidation, and next target would be at 1.2800 area.
USDCAD Analysis.
USDCAD is now in uptrend from 1.0051, and the rise has extended to as high as 1.0347. Further rise is still possible in a couple of days, and next target would be at 1.0400 area. Support is now at the upward trend line on 4-hour chart, as long as the trend line support holds, uptrend will continue.
USDJPY Analysis.
USDJPY’s rise from 77.13 extended to as high as 78.01. 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.
