AUDUSD Analysis.
AUDUSD has formed a cycle top at 1.0328 on 4-hour chart. Further decline towards the lower line of the price channel would likely be seen. As long as the channel support holds, the price action from 1.0223 could be treated as consolidation of the uptrend from 0.9581, and another rise towards 1.0600 is still possible.
USDCHF Analysis.
USDCHF remains in uptrend from 0.9463, the fall from 0.9799 is treated as consolidation of the uptrend. Support is at 0.9700, as long as this level holds, uptrend could be expected to resume, and another rise to 0.0.9900 is possible.
GBPUSD Analysis.
GBPUSD remains in downtrend from 1.5721. Another fall could be expected after a minor consolidation, and next target would be at 1.5350-1.5400 area. Resistance is at 1.5550, as long as this level holds, the downtrend will continue.
USDJPY Analysis.
No changed in our view, USDJPY may be forming a cycle top at 80.09 on 4-hour chart. Further decline to test 79.14 key 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 is in downtrend from 1.2692. Further decline could be expected after a minor consolidation, and next target would be at 1.2200 area. Resistance is now located at 1.2350, as long as this level holds, the downtrend will continue.
USDCAD Analysis.
USDCAD’s upward movement from 1.0100 extends to as high as 1.0220. Further rise could be expected in a couple of 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.
