GBPUSD Analysis.
GBPUSD has consolidated above 1.5829 support for several days. Lengthier consolidation is still possible later today. However, a break down below 1.5829 key support will indicate that the downtrend from 1.6456 has resumed, then deeper decline could be seen to 1.5500 area. Resistance is now at 1.6068, only rise above this level could take price back to 1.6200 area.
USDCAD Analysis.
USDCAD breaks below 1.0556 key support, suggesting completion of uptrend from 1.0224. Range trading between 1.0545 and 1.0720 would more likely be seen later today. Support level is now at 1.0545, a breakdown below this level will trigger another fall towards 1.0400 area. Resistance is at 1.0720, only rise above this level could signal another rise towards 1.0800 zone.
USDJPY Analysis.
USDJPY breaks above the falling price channel on 4-hour chart. Further rally is still possible later today and next target would be at 91.50-92.00 area. Support is located at the rising trend line now at 90.20, only a clear break below this level will indicate that the bounce from 89.13 has completed.
EURUSD Analysis.
After touching the upper border of the falling price channel on 4-hour chart, EURUSD pulls back from 1.4026 level. Now the fall from 1.4026 is more likely resumption of downtrend from 1.4579. Another fall towards 1.3600 is now in favor. Resistance remains at the top of the price channel, as long as the channel resistance holds, downward trend could be expected to continue.
AUDUSD Analysis.
AUDUSD stays below a falling trend line on 4-hour chart and remains in downtrend from 0.9347. One more fall to test 0.8734 previous low support is still possible later today. Resistance remains at the falling trend line on 4-hour chart now at 0.8895, as long as this level holds, downtrend could be expected to continue.
USDCHF Analysis.
After touching the lower border of the rising price channel on 4-hour chart, USDCHF bounces from 1.0497 level. Now the bounce from 1.0497 is treated as resumption of uptrend from 1.0132. Another rise towards 1.0800 is expected in a couple of days. Key support is now at 1.0497, only fall below this level will indicate that the uptrend from 1.0132 has completed at 1.0640 already.
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