USDCHF Analysis.
USDCHF is in consolidation of the uptrend from 0.9421. Key support is at the upward price channel on 4-hour chart, as long as the channel support holds, we’d expect uptrend to resume, and another rise towards 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, then the following downward movement could bring price back to 0.9500 zone.
USDJPY Analysis.
USDJPY’s downward movement from 80.09 extends to as low as 78.43. Further decline would likely be seen after a minor consolidation, 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’s upward movement from 1.5393 extends to as high as 1.5735. Further rise is still possible after a minor consolidation, and next target would be at 1.5800 area. Support is at 1.5600, only break below this level could signal completion of the uptrend.
AUDUSD Analysis.
AUDUSD has reached the upper border of the price channel on 4-hour chart. Consolidation would likely be seen over the next several days, and the trading range would be between 1.0300 and 1.0450. Key support remains at the lower line of the channel, only a clear break below the channel support could signal completion of the uptrend from 0.9581 (Jun 1 low).
EURUSD Analysis.
EURUSD is in consolidation of the downtrend from 1.2747. As long as the channel resistance holds, another fall is still possible, and the target would be at 1.2000. On the upside, a clear break above the channel resistance will indicate that the fall from 1.2747 has completed at 1.2162 already, then the following upward movement could bring price back to 1.2500 area.
USDCAD Analysis.
USDCAD’s downward movement from 1.0249 extends to as low as 1.0065. Further decline would likely be seen after a minor consolidation, and next target would be at 1.0000 area. Resistance is at 1.0130, as long as this level holds, the downtrend will continue.
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