EURUSD Analysis.
EURUSD breaks below the upward trend line on 4-hour chart, suggesting that lengthier consolidation of the uptrend from 1.2288 is underway. Support is at 1.2500, as long as this level holds, the uptrend could be expected to resume, and another rise towards 1.2800 is still possible. On the downside, a breakdown below 1.2500 will indicate that the uptrend from 1.2288 has completed at 1.2747 already, then the following downward movement could bring price to 1.2000 area.
USDCHF Analysis.
USDCHF breaks above the downward trend line on 4-hour chart, suggesting that lengthier consolidation of the downtrend from 0.9769 is underway. Resistance is at 0.9600, as long as this level holds, we’d expect downtrend to resume, and another fall towards 0.9000 is possible. On the upside, a break above 0.9600 will indicate that the downward movement from 0.9769 has completed at 0.9421 already, then the following upward movement could bring price to 1.0000 area.
USDJPY Analysis.
USDJPY has formed a cycle bottom at 78.61 on 4-hour chart. Further rise to test 79.78 resistance could be expected, a break above this level will target 80.50 area. Support is at 78.61, only break below this level could trigger another fall towards 77.66 previous low.
AUDUSD Analysis.
AUDUSD remains in uptrend from 0.9581, and the rise extends to as high as 1.0141. Initial support is now at 1.0055, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.0200 area. On the other side, a breakdown below 1.0055 will suggest that a cycle top is being formed on 4-hour chart, then pullback to 1.0000 area could be seen.
USDCAD Analysis.
USDCAD remains in downtrend from 1.0445. Another fall could be expected after a minor consolidation, and next target would be at 1.0100 area. Resistance is at 1.0280, only break above this level will indicate that lengthier consolidation of the downtrend is underway.
GBPUSD Analysis.
GBPUSD remains in uptrend from 1.5268, the pullback from 1.5741 is treated as consolidation of the uptrend. Anther rise could be expected after consolidation, and next target would be at 1.5800 area. Support is at 1.5600, as long as this level holds, uptrend will continue.
