AUDUSD Analysis.
After a minor consolidation, AUDUSD continues its upward movement from 1.0167 and the rise extends to as high as 1.0577. Further rise to test 1.0612 previous high resistance could be expected, a break above this level will signal resumption of the longer term uptrend from 0.9581 (Jun 1 low), then next target would be at 1.0800 area. Support is now located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend will continue.
EURUSD Analysis.
EURUSD’s upward movement from 1.2501 extends to as high as 1.3015. Support is now at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.3150 area, only a clear break below the trend line could signal completion of the uptrend.
GBPUSD Analysis.
GBPUSD stays above a upward trend line on 4-hour chart, as remains in uptrend. Further rise could be expected after a minor consolidation, and next target would be at 1.6250 area. Support is at the trend line, followed by 1.6060, only break below this level could signal completion of the uptrend.
USDCHF Analysis.
USDCHF remains in downtrend, the rise from 0.9340 is treated as consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 0.9200 area. Resistance is at 0.9420, only break above this level could indicate that lengthier consolidation of the downtrend is underway.
USDCAD Analysis.
USDCAD continues its downward movement from 1.0445 (Jun 4 high), and reaches as low as 0.9665. Further decline could be seen and next target would be at 0.9600 area. Resistance levels are at 0.9730 and 0.9775, as long as these levels hold, the downtrend will continue.
USDJPY Analysis.
USDJPY’s downward movement from 79.02 extends to as low as 77.14. Further decline could be expected after consolidation, and next target would be at 76.50 area. Resistance is at 78.00, only break above this level could signal completion of the downtrend.
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