USDCAD Analysis.
USDCAD breaks below 0.9905 support and reaches as low as 0.9844, suggesting that the downtrend from 1.0318 has resumed. Further decline is still possible after a minor consolidation, and next target would be at 0.9800. Key resistance remains at 1.0050, only break above this level could signal completion of the downtrend.
USDCHF Analysis.
USDCHF breaks above 0.9030 resistance, suggesting that a cycle bottom has been formed at 0.8931 on 4-hour chart. Further rally would likely be seen, and the target would be at 0.9150 area. Support levels are at 0.9000 and 0.8931.
EURUSD Analysis.
EURUSD breaks below 1.3350 support, suggesting that a cycle top has been formed at 1.3486 on 4-hour chart. Further decline is expected in a couple of days, and the target would be at 1.3150 area. Key resistance is at 1.3486, only break above this level could signal resumption of the uptrend.
AUDUSD Analysis.
After touching 1.0844 resistance, AUDUSD pulls back from 1.0855, suggesting that the rise from 1.0596 has completed. Further decline could be seen in a couple of days, and the target would be at 1.0500.
USDJPY Analysis.
USDJPY is now in downtrend from 81.65, the bounce from 80.01 is likely correction of the downtrend. Range trading between 80.01 and 81.65 would likely be seen in a couple of days. Key resistance is at 81.65, only break above this level could signal resumption of the uptrend from 76.02.
GBPUSD Analysis.
GBPUSD breaks above 1.5928 resistance, and reaches as high as 1.5991. Support is at the upward trend line on 4-hour chart, as long as the trend line support holds, uptrend could be expected to continue, and next target would be at 1.6100 area, only a clear break below the trend line could indicate that the rise is complete.
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