AUDUSD Analysis.
AUDUSD stays in a trading range between 0.9280 and 0.9526. As long as 0.9280 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.8892, one more rise towards 1.0000 is still possible after consolidation. On the downside, a breakdown below 0.9280 support will indicate that the uptrend from 0.8892 had completed at 0.9526 already, then the following downward movement could bring price 0.8500 zone.
EURUSD Analysis.
After consolidation, EURUSD continues its upward movement from 1.3105, and the rise extends to as high as 1.3607. Further rise could be expected, and next target would be at 1.3700 area. Key support is at 1.3462, only break below this level could signal completion of the uptrend.
USDCHF Analysis.
USDCHF stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9455. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.8900 area, only a clear break above the trend line resistance could signal completion of the downtrend.
GBPUSD Analysis.
No changed in our view, GBPUSD remains in uptrend from 1.5955. As long as 1.6125 support holds, the uptrend could be expected to continue, and next target would be at 1.6400 area. On the downside, a breakdown below 1.6125 support will indicate that lengthier consolidation of the longer term uptrend from 1.4813 (July 9 low) is underway, then deeper decline to 1.6000 area could be seen.
USDCAD Analysis.
USDCAD is now in uptrend from 1.0182. Further rise could be expected, and next target would be at 1.0400 area. Key support is at 1.0265, only break below this level could indicate that the uptrend has completed, then the following downward movement could bring price to 1.0000 zone.
USDJPY Analysis.
USDJPY’s downward movement from 100.60 extends to as low as 97.14. Further decline could be expected, and the target would be at 96.50 area. Resistance is at 98.50, only break above this level could signal completion of the downtrend.
