AUDUSD Analysis.
AUDUSD breaks below 1.0240 support, suggesting that a cycle top has been formed at 1.0328 on 4-hour chart. Further decline would likely be seen over the next several days, and the target would be at the lower line of the price channel. As long as the channel support holds, the price action from 1.0223 is treated as consolidation of the longer term uptrend from 0.9581, and one more rise towards 1.0600 is still possible.
USDCHF Analysis.
USDCHF breaks above 0.9769 resistance and reaches as high as 0.9799. Further rise could be expected over the next several days, and next target would be at 0.9900 area. Support is at 0.9700, as long as this level holds, the uptrend from 0.9463 will continue.
GBPUSD Analysis.
GBPUSD breaks below 1.5484 support, suggesting that the downtrend from 1.5776 has resumed. Further decline would likely be seen in a couple of days, and the target would be at 1.5350-1.5400 area. Resistance is at 1.5550, as long as this level holds, the downtrend from 1.5721 will continue.
USDJPY Analysis.
USDJPY may be forming a cycle top at 80.09 on 4-hour chart. Further decline to test 79.14 support would likely be seen, a breakdown below this level will indicate that the uptrend from 77.66 has completed at 80.62 already, then the following downward movement could bring price to 78.00 zone.
EURUSD Analysis.
EURUSD breaks below 1.2288 previous low, suggesting that the downtrend from 1.3486 (Feb 24 high) has resumed. Further decline could be seen over the next several days, and next target would be at 1.2200 area. Resistance is at 1.2375, as long as this level holds, the downtrend from 1.2692 will continue.
USDCAD Analysis.
USDCAD has formed a cycle bottom at 1.0100 on 4-hour chart. Further rise would likely be seen over the next several days, and the target would be at 1.0300 area. Support is at 1.0100, only break below this level could trigger another fall towards 1.0000.
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