USDCAD Analysis.
USDCAD is facing the support of the lower line of the price channel on 4-hour chart, a clear break below the channel support will suggest that the trend from 0.9632 (Sep 14 low) has completed at 1.0055 already, then deeper decline to test 0.9874 key support could be seen. On the upside, as long as the channel support holds, the fall from 1.0055 could be treated as consolidation of the uptrend, and another rise towards 1.0100 is still possible after consolidation.
AUDUSD Analysis.
After touching the upper line of the price channel on 4-hour chart, AUDUSD pulled back from 1.0423, suggesting that a cycle top is being formed. However, the fall is likely consolidation of the uptrend from 1.0287, another rise towards 1.0480 is still possible. Key support is at 1.0287, only break below this level could trigger another fall towards 1.0200.
EURUSD Analysis.
EURUSD breaks above the upper line of the price channel on 4-hour chart, and is now in uptrend from 1.2661. Further rise could be expected, and next target would be at 1.2900 area. Key support is at 1.2661, only break below this level could trigger another fall towards 1.2500.
GBPUSD Analysis.
GBPUSD’s rise from 1.5827 extends to as high as 1.5935. Further rally would likely be seen, and next target would be at 1.6000 area. Key support is at 1.5827, only break below this level could trigger another fall towards 1.5700.
USDJPY Analysis.
USDJPY continues its upward movement from 79.07, and the rise extends to as high as 81.94. Further rise is still possible, and next target would be at 82.50 area. Support is at 81.00, only break below this level could signal completion of the uptrend.
USDCHF Analysis.
USDCHF breaks below the lower line of the price channel on 4-hour chart, and is now in downtrend from 0.9511. Further decline would likely be seen, and next target would be at 0.9350 area. Key resistance is at 0.9511, only break above this level could trigger another rise towards 0.9600.
