USDCHF Analysis.
USDCHF breaks below 0.9478 support and reaches as low as 0.9421. Further decline could be expected after a minor consolidation, and next target would be at 0.9300 area. Initial resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds, downtrend will continue.
USDJPY Analysis.
USDJPY broke below 79.11 support last week and reached as low as 78.61. The subsequent bounce suggests that a cycle bottom has been formed. Further rise to test 79.78 resistance could be seen, a break above this level could trigger another rise to test 80.61 key resistance.
AUDUSD Analysis.
AUDUSD’s upward movement from 0.9581 extends to as high as 1.0133. Further rise could be seen after a minor consolidation, and next target would be at 1.0200 area. Support is now at 1.0000, as long as this level holds, the uptrend will continue.
EURUSD Analysis.
EURUSD breaks above 1.2668 resistance and reaches as high as 1.2747. Further rise could be expected after a minor consolidation, and next target would be at 1.2800 area. Initial support is at the upward trend line on 4-hour chart, as long as the trend line support holds, uptrend will continue.
USDCAD Analysis.
USDCAD breaks below 1.0200 support and continues its downward movement from 1.0445. Further decline could be expected and next target would be at 1.0100 area. Resistance is at the 1.0250, only break above this level will indicate that lengthier consolidation of the downtrend is underway.
GBPUSD Analysis.
GBPUSD breaks above 1.5600 resistance and reaches as high as 1.5741, suggesting that the downtrend from 1.6301 has completed at 1.5268 already. Further rise could be seen over the next several days, and next target would be at 1.5800 area. Support is at 1.5650, as long as this level holds, uptrend will continue.
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