USDCHF remains in downtrend from 0.9594, the price action from 0.9114 is treated as consolidation of downtrend. Another fall towards 0.8900 is still possible after consolidation and a breakdown below 0.9114 will signal resumption of the downtrend. Key resistance is at 0.9350, only break above this level could indicate that the fall from 0.9594 has completed at 0.9114 already, then the following upward movement could bring price back towards 0.9594 previous high.
EURUSD traded in a narrow range between 1.3026 and 1.3233 for several days. The price action in the range is treated as consolidation of uptrend from 1.2624, one more fall to 1.2800-1.2900 area to complete the consolidation would likely be seen.
AUDUSD stays in a rising price channel on 4-hour chart, and remains in uptrend from 1.0145, the fall from 1.0793 is treated as consolidation of uptrend. Initial support is at the lower border of the channel, as long as the channel support holds, uptrend could be expected to resume, and one more rise towards 1.0900 is still possible. On the downside, a clear break below the lower line of the channel will suggest that lengthier consolidation of the uptrend is underway, then the pair will find support around 1.0600 area.
USDJPY’s bounce from 76.02 extended to as high as 76.80. Further rise is still possible after a minor consolidation, and next target would be at 77.00 area. Initial support is at 76.45, only break below this level could indicate that a cycle top is being formed at 76.80 on 4-hour chart, then deeper decline could be seen to 76.30 area.
USDCAD stays in a downward trend line on 4-hour chart, and remains in downtrend from 1.0318, the bounce from 0.9926 is treated as consolidation of the downtrend. As long as the trend line resistance holds, downtrend could be expected to resume, and another fall towards 0.9800 is still possible.
GBPUSD broke below the upward trend line on 4-hour chart, and is now in consolidation of uptrend from 1.5236. Range trading between 1.5700 and 1.5882 would likely be seen in a couple of days. Resistance is at 1.5882, a break above this level will signal resumption of the uptrend.