USDCAD Analysis.
USDCAD remains in downtrend from 0.9970, the rise from 0.9815 is treated as consolidation of the uptrend. Resistance is at 0.9885, as long as this level holds, the downtrend could be expected to resume, and a breakdown below 0.9815 will trigger another fall towards 0.9700. Only break above 0.9885 will indicate that lengthier consolidation of the longer term downtrend from 1.0055 is underway, then further rise to 0.9950 zone could be expected.
USDJPY Analysis.
USDJPY breaks above 89.67 previous high resistance and continues its upward movement from 82.11, and the rise extends to as high as 90.11. Further rise could be expected and next target would be at 92.00 area. Support is now located at the upward trend line on 4-hour chart, only a clear break below the trend line could signal completion of the uptrend.
EURUSD Analysis.
EURUSD is facing 1.3403 previous high resistance, a break above this level will signal resumption of the uptrend from 1.2998, then next target would be at 1.3500 area. Support is at 1.3256, only break below this level could bring price back to 1.3200 area.
USDCHF Analysis.
USDCHF is upward movement from 0.9100 extends to as high as 0.9372. Further rise could be expected and next target would be at 0.9400 area. Support is at 0.9285, only break below this level could signal completion of the uptrend.
AUDUSD Analysis.
AUDUSD’s fall from 1.0597 extends to as low as 1.0494. However, the fall is likely consolidation of the uptrend from 1.0344, another rise would likely be seen after consolidation, and a break above 1.0597 will trigger another rise towards 1.0700 area.
GBPUSD Analysis.
GBPUSD continues its downward movement from 1.6176 and the fall extends to as low as 1.5955. Further decline could be expected and next target would be at 1.5900. Resistance is at 1.6040, only break above this level could signal completion of the downtrend.
