AUDUSD Analysis.
AUDUSD’s upward movement from 0.8771 extended to as high as 0.9361. Support is at 0.9260, as long as this level holds, uptrend is expected to continue, and next target would be at 0.9400 area. On the downside, the pair is now facing 0.9381 (Apr 12 high), minor consolidation would more likely be seen before breaking above this level, a break below 0.9260 support will indicate that minor consolidation of uptrend is underway, then pullback to 0.9200 could be seen.
USDCHF Analysis.
USDCHF is facing 1.0060 previous low support, a breakdown below this level will indicate that the downtrend from 1.1730 (Jun 1 high) has resumed, then deeper decline could be seen to 1.0000 area. Key resistance is now at 1.0277, only rise above this level could indicate that the fall from 1.1730 is complete.
EURUSD Analysis.
EURUSD formed a cycle bottom at 1.2643 level on 4-hour chart, and the bounce extended to as high as 1.2892 level. Further rise to test 1.2921 key resistance is still possible later today, a break above this level will target 1.3100 area. Support is at 1.2760, below this level will indicate that range trading between 1.2587 and 1.2921 is underway, then another fall towards 1.2587 previous low could be seen.
GBPUSD Analysis.
GBPUSD stays in a trading range between 1.5296 and 1.5532. Resistance is at 1.5532, a break above this level will suggest that the fall from 1.5997 has completed at 1.5296 already, then further rally could be seen to 1.5600-1.5700 area. Support is at 1.5296, only break below this level could trigger another fall to 1.5200 zone.
USDCAD Analysis.
USDCAD continue its downward move from 1.0672, and the fall extended to as low as 1.0265. Resistance is at 1.0373, as long as this level holds, downtrend is expected to continue and next target would be at 1.0200 area.
USDJPY Analysis.
USDJPY breaks below 83.34 support, suggesting that the downtrend from 92.88 (Jun 4 high) has resumed. Further fall would more likely be seen later today and next target would be at 82.00 area.
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