EURUSD Analysis.
EURUSD continues its upward movement from 1.2241 and reaches as high as 1.2871. Further rise could be expected after a minor consolidation, and next target would be at 1.3000. Initial support is at 1.2750, and the key support remains at the upward trend line on 4-hour chart, only a clear break below the trend line could signal completion of the uptrend.
GBPUSD Analysis.
GBPUSD’s upward movement from 1.5490 extends to as high as 1.6083. Further rise could be expected after a minor consolidation, and next target would be at 1.6200 area. Initial support is at 1.6000, and the key support is at the trend line on 4-hour chart, as long as the trend line support holds, the uptrend will continue.
USDCHF Analysis.
USDCHF’s downward movement extends to as low as 0.9378. Further decline could be expected after a minor consolidation, and next target would be at 0.9250 area. Initial resistance is at 0.9450, and the key resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend will continue.
AUDUSD Analysis.
AUDUSD continues its upward movement from 1.0167, and reaches as high as 1.0472. Further rise could be seen after a minor consolidation, and next target would be at 1.0550 area. Support is now at 1.0385, followed by 1.0320, as long as these levels hold, the uptrend will continue.
USDCAD Analysis.
USDCAD’s downward movement from 1.0445 extends to as low as 0.9713. Further decline could be expected after a minor consolidation, and next target would be at 0.9650 area. Resistance is at 0.9800, as long as this level holds, the downtrend will continue.
USDJPY Analysis.
USDJPY breaks below 77.92 support. Further decline could be seen after a minor consolidation, and next target would be at 77.00 area. Resistance is at 78.20, as long as this level holds, the downtrend will continue.
