EURUSD Analysis.
EURUSD continues its downward movement from 1.2692, and the fall extends to as low as 1.2235. Resistance is now at 1.2335, as long as this level holds, downtrend could be expected continue, and further decline towards 1.2000 is still possible. On the upside, a break above 1.2335 will indicate that lengthier consolidation of the downtrend is underway, then range trading between 1.2200 and 1.2400 could be seen.
AUDUSD Analysis.
AUDUSD is in short term downtrend from 1.0328. Further decline towards the lower line of the price channel on 4-hour chart could be expected after a minor consolidation. Initial resistance is at 1.0245, and the key resistance is at 1.0328, only break above these levels could trigger another rise to 1.0600 area.
USDCHF Analysis.
USDCHF’s upward movement from 0.9463 extends to as high as 0.9814. Support is now at 0.9735, as long as this level holds, uptrend could be expected to continue, and next target would be at 0.9900 area. On the downside, a breakdown below 0.9735 will indicate that lengthier consolidation of the uptrend is underway, then range trading between 0.9650 and 0.9800 could be seen.
GBPUSD Analysis.
GBPUSD remains in downtrend from 1.5721, the rise from 1.5461 is treated as minor consolidation of the downtrend. Another fall would likely be seen after consolidation, and the next target would be at 1.5350-1.5400 area.
USDJPY Analysis.
USDJPY is facing the 79.14 key support, a breakdown below this level will confirm that the uptrend from 77.66 has completed at 80.62 already, then further decline towards 78.00 could be seen. However, as long as 79.14 support holds, the price action from 80.62 could possibly be consolidation of the uptrend from 77.66, and one more rise towards 83.00 is still possible.
USDCAD Analysis.
USDCAD’s rise from 1.0100 extends to as high as 1.0230. Further rise could be expected in a couple of days, and the target would be at 1.0300 area. Key support is at 1.0100, only break below this level could trigger another fall towards 1.0000.
