AUDUSD Analysis.
AUDUSD remains in uptrend from 1.0236, the fall from 1.0480 could be treated as consolidation of the uptrend. Support is at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to resume, and another rise towards 1.0500 is still possible after consolidation. On the downside, a clear break below the trend line will indicate that the uptrend from 1.0236 has completed at 1.0480 already, then the following downward movement could bring price back to 1.0200 zone.
GBPUSD Analysis.
GBPUSD is testing 1.5913 support, a breakdown below this level will indicate that the downtrend from 1.6309 has resumed, then deeper decline to 1.2800 area could be expected. Resistance is at 1.6045, only break above this level will suggest that a cycle bottom is being formed on 4-hour chart, then another rise to re-test 1.6178 resistance could be seen.
USDJPY Analysis.
USDJPY remains in uptrend from 77.43, the fall from 80.67 is treated as consolidation of the uptrend. Support is at 79.27, below this level will target 78.50-79.00 area. As long as 78.50 support holds, the uptrend could be expected to resume, and one more rise towards 82.00 is still possible.
EURUSD Analysis.
EURUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.3138. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.2650 area, only a clear break above the trend line resistance could signal completion of the downtrend.
USDCHF Analysis.
USDCHF remains in uptrend from 0.9214. Further rise is still possible after a minor consolidation, and next target would be at 0.9500 area. Key support is located at 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 is facing 1.0019 previous high resistance, a break above this level will signal resumption of the uptrend from 0.9734, then further rise to 1.0100 area could be seen. Support is at the lower line of the price channel on 4-hour chart, only a clear break below the channel support could signal completion of the uptrend.
