AUDUSD Analysis.
AUDUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.0236. Key support is at the trend line, as long as the trend line support holds, the fall from 1.0480 could be treated as consolidation of the uptrend, and one more rise towards 1.0500 is still possible after consolidation. However, a clear break below the trend line will indicate that the uptrend from 1.0236 had completed at 1.0480 already, then further decline to 1.0200 area could be expected.
GBPUSD Analysis.
GBPUSD breaks below 1.5913 support, suggesting that the downtrend from 1.6309 has resumed. Further decline could be expected after a minor consolidation, and next target would be at 1.5800 area. Resistance is a the downward trend line of 4-hour chart, as long as the trend line resistance holds, the downtrend will continue.
USDJPY Analysis.
USDJPY continues its downwards movement from 80.67, and the fall extends to as low as 79.07. Further decline is possible and the target would be at 78.80 area. However, the fall is likely consolidation of the longer term uptrend from 77.14 (Sep 13 low), one more rise to 82.00 area is still possible after consolidation.
EURUSD Analysis.
EURUSD remains in downtrend from 1.3020. Another fall could be expected after a minor consolidation, and next target would be at 1.2600 area. Resistance is located at the downward trend line on 4-hour chart, only a clear break above the trend line could indicate that a cycle bottom is being formed, and consolidation of the downtrend from 1.3138 is underway, then further rally to 1.2850 area could be seen.
USDCHF Analysis.
USDCHF stays above a upward trend line on 4-hour chart, and remains in uptrend from 0.9276. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 0.9550 area, only a clear break below the trend line could indicate that a cycle top is being formed, then pullback to 0.9350 area could be seen.
USDCAD Analysis.
USDCAD break above 1.0019 resistance, suggesting that the uptrend from 0.9734 has resumed. Further rise could be expected, and next target would be at 1.0100 area. Support is at 0.9945, only break below this level will indicate that a cycle top is being formed on 4-hour chart, then further decline to test the support of the lower line of the price channel could be seen.
