AUDUSD Analysis.
After touching 1.0378 resistance, AUDUSD pulled back from 1.0385, however, the fall from 1.0385 would possibly be consolidation of uptrend from 0.9861. Key support is now located at the lower line of the price channel on 4-hour chart, as long as the channel support holds, we’d expect uptrend to resume, and one more rise towards 1.0600 is still possible. One the downside, a clear break below the channel support will indicate that the rise from 0.9861 has completed at 1.0385 already, then the following downward movement could bring price back to 0.9500 area.
USDCHF Analysis.
USDCHF broke above 0.9546 previous high resistance, and reached as high as 0.9594. Further rise is still possible after a minor consolidation, and next target would be at 0.9700 area. Initial support is at 0.9500, as long as this level holds, the uptrend from 0.9304 will continue.
EURUSD Analysis.
EURUSD’s fall from 1.3076 extended to as low as 1.2666. Further decline could be expected after a minor consolidation, and next target would be at 1.2600 area. Initial resistance is at 1.2810, as long as this level holds, downtrend from 1.3076 will continue.
USDCAD Analysis.
Being supported by 1.0051 support, USDCAD rebounded strongly from 1.0076, and the rise extended to as high as 1.0308. Support is now at 1.0220, as long as this level holds, the uptrend from 1.0076 could be expected to continue, and the target would be at 1.0400 area.
GBPUSD Analysis.
GBPUSD is facing 1.5362 support, a breakdown below this level could trigger another fall to test 1.5272 (Oct 6, 2011 low) support. Resistance is at 1.5470, as long as this level holds, the fall from 1.5669 will continue.
USDJPY Analysis.
USDJPY has formed a cycle top at 77.32 on 4-hour chart. Range trading between 76.60 and 77.32 would likely be seen in a couple of days. Key resistance is now at 77.32, a break above this level will confirm that the fall from 78.21 had completed at 76.60 already, then further rise to test 78.27 resistance could be seen. Support is at 76.60, only break below this level could trigger another fall to 76.00 zone.
