USDCAD Analysis.
USDCAD remains in uptrend from 1.0137, the fall from 1.0556 is likely consolidation of the uptrend. Another rise towards 1.0600 is still possible after consolidation, and a break above 1.0556 resistance could signal resumption of the uptrend. Key support is now at 1.0424, only break below this level could indicate that the upward movement from 1.0137 is complete, then the following downward movement could bring price back to 1.0200 zone.
USDJPY Analysis.
USDJPY is facing 98.70 resistance, a break above this level will indicate that the uptrend from 93.79 has resumed, then next target would be at 100.00 area. Key support is now located at 96.86, only break below this level could signal completion of the uptrend.
USDCHF Analysis.
USDCHF’s upward movement from 0.9130 extends to as high as 0.9487. Further rise is still possible after a minor consolidation, and next target would be at 0.9550 area. Support is now at 0.9400, only break below this level could signal completion of the uptrend.
EURUSD Analysis.
EURUSD continues its downward movement from 1.3415, and the fall extends to as low as 1.2985. Further decline could be expected after a minor consolidation, and next target would be at 1.2900 area. Resistance is at 1.3100, only break above this level could signal completion of the downtrend.
AUDUSD Analysis.
AUDUSD’s rise from 0.9148 extends to as high as 0.9344. Further rise is still possible and the target would be at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, the rise could be treated as consolidation of the downtrend from 1.0582 (Apr 11 high), another fall towards 0.900 is still possible after consolidation.
GBPUSD Analysis.
GBPUSD’s downward movement from 1.5751 extends to as low as 1.5202. Further decline is still possible after a minor consolidation, and next target would be at 1.5100 area. Resistance is at 1.5400, as long as this level holds, the downtrend will continue.
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