USDCHF Analysis.
USDCHF stays in a trading range between 0.9503 and 0.9634, the price action in the range is treated as consolidation of the downtrend from 0.9809. Another fall could be expected after consolidation, and next target would be at 0.9400 area. Initial support is at 0.9503, a breakdown below this level could signal resumption of the downtrend. Key resistance is at 0.9634, only break above this level will indicate that the downtrend has completed at 0.9503 already, then the following upward movement could bring price to 0.9800 zone.
AUDUSD Analysis.
AUDUSD breaks above the upper border of the price channel on 4-hour chart, suggesting that a cycle bottom has been formed at 1.0167. Further rally would likely be seen, and next target would be at 1.0300-1.0350 area. Key support is now at 1.0167, only break below this level could trigger another fall towards 1.0000.
EURUSD Analysis.
After consolidation, EURUSD continues its upward movement from 1.2241 and reaches as high as 1.2650. Further rise could be expected and next target would be at 1.2700 area. Initial support is at the upward trend line on 4-hour chart, as long as the trend line support holds, uptrend will continue. Key support is at 1.2465, only break below this level could signal completion of the uptrend.
GBPUSD Analysis.
GBPUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.5490. As long as the trend line support holds, uptrend could be expected to continue, and next target would be at 1.6000 area. Key support is at 1.5753, only break below this level could indicate that the uptrend has completed, then the following downward movement could bring price back to 1.5400-1.5500 area.
USDCAD Analysis.
USDCAD breaks below 0.9842 previous low support, suggesting that the downtrend from 1.0445 has resumed. Further decline could be expected over the next several days, and next target would be at 0.9700 area. Resistance levels are now at 0.9880 and 0.9948.
USDJPY Analysis.
USDJPY bounces strongly and break above 78.83 resistance, suggesting that he downtrend from 79.65 has completed. Further rise could be expected, and next target would be at 79.30 area. Support is now at 78.65, only break below this level could trigger another fall to test 77.92 support.
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