USDCHF Analysis.
USDCHF remains in downtrend from 0.9971. Another fall could be expected after a minor consolidation, and next target would be at 0.9500 area. Resistance is at 0.9770, followed by the downward trend line on 4-hour chart, only a clear break above the trend line could indicate that the longer term uptrend from 0.8931 (Feb 24 low) has resumed, then the following upward move could bring price to 1.0200 area.
GBPUSD Analysis.
GBPUSD continues its sideways movement in a range between 1.5458 and 1.5767. Key support is at 1.5458, a breakdown below this level could trigger another fall towards 1.5000, however, another rise to test 1.5767 resistance would more likely be seen, above this level will target 1.5900 area.
USDJPY Analysis.
No changed in our view, USDJPY is in downtrend from 80.62 (Jun 25 high), the sideways movement from 77.94 is treated as consolidation of the downtrend. One more rise to 79.00 area to complete to consolidation would likely be seen. Key resistance is at 79.15, as long as this level holds, we’d expect downtrend to resume, and another fall towards 77.00 is possible, only break above 79.15 could signal completion of the downtrend.
EURUSD Analysis.
EURUSD remains in uptrend from 1.2042. Another rise could be expected after a minor consolidation, and next target would be at 1.2500 area. Support is at 1.2300, followed by the upward trend line on 4-hour chart, only a clear break below the trend line could signal completion of the uptrend.
USDCAD Analysis.
USDCAD’s downward movement from 1.0083 extends to as low as 0.9935. Further decline could be expected after a minor consolidation, and next target would be at 0.9850 area. Resistance is now at 1.0000, as long as this level holds, downtrend will continue.
AUDUSD Analysis.
AUDUSD remains in uptrend from 1.0176. Further rise could be expected after a minor consolidation, and next target would be at 1.0650 area. Support levels are at 1.0500 and 1.0435, only break below these levels could signal completion of the uptrend.
