USDCAD Analysis.
USDCAD stays in a trading range between 1.0286 and 1.0420. Key support is at 1.0286, as long as this level holds, the price action in the range is treated as consolidation of the uptrend from 1.0013, one more rise to 1.0500 area to complete the upward movement is possible after consolidation. On the downside, a breakdown below 1.0286 support will indicate that the uptrend from 1.0013 had completed at 1.0420 already, then the following downward movement could bring price back to 1.0100 zone.
EURUSD Analysis.
EURUSD is now in uptrend from 1.2796. Further rise is still possible, and next target would be at 1.3150 area. Support is at 1.2940, only break below this level will suggest that sideways movement in a range between 1.2796 and 1.3061 is underway, then deeper decline to test 1.2796 support would be seen.
GBPUSD Analysis.
GBPUSD is now in uptrend from 1.5008. Further rise is still possible and next target would be at 1.5350 area. Support is at 1.5100, only break below this level could trigger another fall to test 1.4831 (Mar 12, low) support.
USDJPY Analysis.
USDJPY remains in downtrend from 103.73. Deeper decline could be expected, and the target would be at 98.00 – 99.00 area. Resistance is at 102.60 only break above this level could trigger another rise towards 105.00.
USDCHF Analysis.
USDCHF remains in downtrend from 0.9838, and the fall extends to as low as 0.9511. Further decline could be expected, and next target would be at 0.9400 area. Resistance is at 0.9650, only break above this level could trigger another rise towards 1.0000.
AUDUSD Analysis.
AUDUSD remains in downtrend from 1.0384, the bounce from 0.9528 is treated as consolidation of the downtrend. Key resistance is at 0.9777, as long as this level holds, the downtrend could be expected to resume, and one more fall to 0.9500 area is still possible.
