AUDUSD Analysis.
After touching 0.9777 resistance, AUDUSD pulls back from 0.9791, suggesting that the pair remains in downtrend from 1.0582 (Apr 11 high), the rise from 0.9528 is treated as consolidation of the downtrend. Another fall could be expected after consolidation, and a breakdown below 0.9528 support could signal resumption of the downtrend.
USDCAD Analysis.
USDCAD breaks below 1.0286 support, suggesting that the upward movement from 1.0013 had completed at 1.0420 already. Further decline would likely be seen, and next target would be at 1.0200 area. Key resistance is at 1.0420, only break above this level could trigger another rise to 1.0500 zone.
EURUSD Analysis.
EURUSD continues its upward movement from 1.2796, and the rise extends to as high as 1.3107. Further rise is still possible, and next target would be at 1.3200 area. Support is at 1.2940, only break below this level could signal completion of the uptrend.
GBPUSD Analysis.
GBPUSD’s upward movement from 1.5008 extends to as high as 1.5374. Further rise is still possible, and next target would be at 1.5500 area. Support is at 1.5230, only break below this level could signal completion of the uptrend.
USDJPY Analysis.
USDJPY remains in downtrend from 103.73. Further decline is still possible after a minor consolidation, and next target would be at 98.00 area. Resistance is now located at the upper line of the price channel on 4-hour chart, only a clear break above the channel resistance could signal completion of the downtrend.
USDCHF Analysis.
USDCHF remains in downtrend from 0.9838, and the fall extends to as low as 0.9409. Further decline could be expected after a minor consolidation, and next target would be at 0.9300 area. Resistance is at 0.9550, only break above this level could signal completion of the downtrend.
