USDCHF Analysis.
USDCHF breaks below 0.9147 support, suggesting that the downtrend from 0.9751 (July 9, high) has resumed. Further decline could be expected after a minor consolidation, and next target would be at 0.9050 area. Resistance is now at downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend from 0.9455 will continue.
USDJPY Analysis.
USDJPY breaks below the lower line of the price channel on 4-hour chart, suggesting that the uptrend from 95.81 had completed at 100.60 already. Further decline would likely be seen, and next target would be at 96.50 area. Resistance is at 99.40, as long as this level holds, the downtrend from 100.60 will continue.
EURUSD Analysis.
EURUSD breaks above 1.3451 resistance, suggesting that the uptrend from 1.2756 (Jul 9, low) has resumed. Further rise could be expected after a minor consolidation, and next target would be at 1.3650 area. Support is now located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend from 1.3105 will continue.
AUDUSD Analysis.
AUDUSD’s upward movement from 0.8892 extends to as high as 0.9526. Support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 0.9650 area.
GBPUSD Analysis.
GBPUSD’s upward movement from 1.5429 extends to as high as 1.6162. Further rise could be expected after a minor consolidation, and next target would be at 1.6250 area. Support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend will continue.
USDCAD Analysis.
USDCAD continues its downward movement from 1.0559, and the fall extends to as low as 1.0202. Further decline is still possible, and next target would be at 1.0150 area. Resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend will continue.
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