USDCHF Analysis.
USDCHF has formed a cycle bottom at 0.9088 on 4-hour chart. Range trading between 0.9088 and 0.9262 would likely be seen in a couple of days. Key resistance is at 0.9262, as long as this level holds, the price action in the range is treated as consolidation of the downtrend from 0.9594, and one more fall towards 0.9000 is still possible. However, a break above 0.9262 will indicate that the downtrend from 0.9594 has completed at 0.9088 already, then further rise towards 0.9594 previous high could be seen.
USDCAD Analysis.
USDCAD broke above the upper line of the price channel last Friday, suggesting that the fall from 1.0318 has completed at 0.9925. Further rally would likely be seen in a couple of days, and next target would be at 1.0100 area. Support is at 0.9925, only break below this level could trigger another fall to 0.9800 zone.
EURUSD Analysis.
EURUSD has formed a cycle top at 1.3320 on 4-hour chart. Range trading between 1.3026 and 1.3320 would likely be seen in a couple of days. As long as 1.3026 key support holds, the price action in the range is treated as consolidation of uptrend from 1.2624, and one more rise towards 1.3500 is still possible. However, a breakdown below 1.3026 will indicate that the rise from 1.2624 has completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen.
AUDUSD Analysis.
AUDUSD broke below 1.0671 support suggesting that the uptrend from 1.0145 has competed at 1.0844 already. Further decline is expected in a couple of days, and next target would be at 1.0525 area. Resistance levels are at 1.0765 and 1.0844, only break above these levels could signal resumption of the uptrend.
USDJPY Analysis.
USDJPY continued its upward movement last Friday, and the rise extended to as high as 77.80. Support is now at 77.40, as long as this level holds, uptrend could be expected to continue, and next target would be at 78.20 area, only break below 77.40 could signal completion of the uptrend.
GBPUSD Analysis.
GBPUSD is facing 1.5729 support, as long as this level holds, the price action from 1.5882 is treated as consolidation of uptrend from 1.5236, and one more rise towards 1.6000 is still possible, only break below 1.5729 could signal completion of the uptrend.
