AUDUSD Analysis.
AUDUSD traded in a range between 1.0596 and 1.0855 for several days. As long as 1.0596 key support holds, the price action in the range is treated as consolidation of the uptrend from 0.9861, and one more rise towards 1.1080 previous high is still possible. One the downside, a breakdown below 1.0596 will indicate that the rise from 0.9861 has completed at 1.0855 already, then the following downward movement could bring price to 0.9500 area.
USDCAD Analysis.
USDCAD has formed a cycle bottom at 0.9841 on 4-hour chart. Further rise to test 1.0050 key resistance would likely be seen, a break above this level will signal completion of the downtrend from 1.0422. Support is at 0.9841, only break below this level could trigger another fall to 0.9800 zone.
USDCHF Analysis.
USDCHF may be forming a cycle top at 0.9162 on 4-hour chart. Range trading between 0.9000 and 0.9162 would likely be seen over the next several days. Resistance is at 0.9162, only break above this level could signal resumption of the uptrend from 0.8931.
EURUSD Analysis.
EURUSD may be forming a cycle bottom at 1.3160 on 4-hour chart. Range trading between 1.3160 and 1.3350 would likely be seen over the next several days. Support is at 1.3160, only break below this level could trigger another fall to 1.3000 area.
USDJPY Analysis.
USDJPY remains in uptrend from 76.02, the fall from 81.86 is treated as consolidation of the uptrend. Further rally could be seen after consolidation, and next target would be at 82.50 area. Support is at 81.00, only break below this level could indicate that lengthier consolidation of the uptrend is underway, then pullback to 80.00 area could be seen.
GBPUSD Analysis.
GBPUSD formed a cycle top at 1.5991 on 4-hour chart. Further decline would likely be seen in a couple of days, and next target would be at 1.5700 area. Resistance levels are at 1.5900 and 1.5991, only break above these levels could trigger another rise to 1.6100.
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