USDCAD Analysis.
USDCAD broke above the resistance of the upper line of the price channel on 4-hour chart, and is now in uptrend from 1.0137, and the rise extends to as high as 1.0290. Further rise could be expected, and next target would be at 1.0350 area. Support is at 1.0200, only break below this level could trigger another fall towards 1.0000.
USDCHF Analysis.
USDCHF breaks above 0.9271 key resistance, suggesting that the downward movement from 0.9838 had completed at 0.9130 already. Further rally could be expected in a couple of days, and the target would be at 0.9400 area. Support is now at 0.9175, only break below this level could trigger another fall towards 0.9000.
EURUSD Analysis.
EURUSD breaks below the support of the lower line of the price channel on 4-hour chart, suggesting that the upward movement from 1.2796 had completed at 1.3415 already. Deeper decline is still possible, and the target would be at 1.3200 area. Key resistance is now at 1.3415, only break above this level could trigger another rise towards 1.3600.
AUDUSD Analysis.
AUDUSD’s downward movement from 1.0582 (Apr 11 high) extends to as low as 0.9239. Further decline could be expected, and next target would be at 0.9200 area. Resistance is located at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend will continue.
GBPUSD Analysis.
GBPUSD breaks below the support of the lower line of the price channel on 4-hour chart, suggesting that the uptrend from 1.5008 had completed at 1.5751 already. Further decline could be expected, and the target would be at 1.5400 area. Resistance is at 1.5600, as long as this level holds, the downtrend from 1.5751 will continue.
USDJPY Analysis.
USDJPY break above the downward trend line on 4-hour chart, suggesting that the downtrend from 103.73 had completed at 93.79 already. Further rally could be expected, and next target would be at 98.50 area. Support is at 94.80, only break below this level could trigger another fall to 92.00 zone.
