USDCHF Analysis.
USDCHF stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.9421, the fall from 0.9872 is treated as consolidation of the uptrend. Further decline to test the support of the lower border of the channel would likely be seen, as long as the channel support holds, uptrend could be expected to resume, and another rise to 1.0000 is still possible. On the downside, a clear break below the channel support will indicate that the uptrend from 0.9421 has completed at 0.9872 already, the the following downward movement could bring price back to 0.9500 zone.
USDJPY Analysis.
USDJPY breaks below 78.61 support, suggesting that the downtrend from 80.09 has resumed. Further decline could be seen and next target would be at 78.00 area. Resistance is at 79.15, as long as this level holds, the downtrend will continue.
GBPUSD Analysis.
GBPUSD is now in uptrend from 1.5393, the fall from 1.5677 is treated as consolidation of the uptrend. Further rise could be expected after consolidation, and next target would be at 1.5750 area. Support is at 1.5550, only break below this level could trigger another fall towards 1.5000.
AUDUSD Analysis.
AUDUSD breaks above 1.0328 previous high resistance, suggesting that the uptrend from 0.9581 (Jun 1 low) has resumed. Further rise could be expected after a minor consolidation, and next target would be at the upper line of the price channel on 4-hour chart.
EURUSD Analysis.
EURUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 1.2747, and the rise from 1.2162 is treated as consolidation of the downtrend. Further rise to test the resistance of the upper of the channel would likely be seen, as long as the channel resistance holds, we’d expect downtrend to resume, and another fall towards 1.2000 is still possible. On the upside, a clear break above the channel resistance will indicate that the downtrend from 1.2747 has completed at 1.2162 already, then further rise to 1.2500 could be seen.
USDCAD Analysis.
USDCAD breaks below 1.0100 support, suggesting that the downtrend from 1.0445 has resumed. Further decline could be expected, and next target would be at 1.0000. Resistance is at 1.0150, as long as this level holds, the downtrend will continue.
