USDCHF Analysis.
USDCHF failed to break below 0.9325 key support and continues its upward movement from 0.9239. support is now located at the upward trend line on 4-hour chart, as long as the trend line support holds, uptrend could be expected to continue, and the target would be at 0.9500 area. On the downside, a clear break below the trend line support will indicate that the uptrend from 0.9239 has completed, then the following downward movement could bring price back towards 0.9000.
GBPUSD Analysis.
GBPUSD breaks below 1.6137 support, suggesting that lengthier consolidation of the uptrend from 1.5393 (Jul 12 low) is underway. Further decline is still possible and the target would be at 1.6050 area. Resistance is at 1.6200, a break above this level could trigger another rise towards 1.6500.
EURUSD Analysis.
EURUSD failed to break above 1.2970 key resistance and continues its downward movement from 1.3171. Deeper decline would likely be seen and the target would be at 1.2750 area. Resistance is now located at the downward trend line on 4-hour chart, only a clear break above the trend line could signal completion of the downward movement.
AUDUSD Analysis.
AUDUSD remains in downtrend from 1.0624, the price action from 1.0367 is treated as consolidation of the downtrend. Further decline would likely be seen, and next target would be at 1.0250 area. Key resistance is at 1.0473, only break above this level could signal completion of the downtrend.
USDCAD Analysis.
USDCAD remains in uptrend from 0.9632. Further rise could be expected after a minor consolidation, and the target would be at 0.9900 area. Key support is at 0.9780, only break below this level could signal completion of the uptrend.
USDJPY Analysis.
USDJPY breaks above 77.95 resistance, suggesting that a cycle bottom has been formed at 77.43 on 4-hour chart, and the downward movement from 79.21 has completed. Further rise could be expected and next target would be at 78.50 area.
