USDJPY
USDJPY is in correction to the up trend, near term resistance is at 122.70, a break above this level will signal the resumption of the up trend. Near term support is at 122.09, break below this level will indicate lengthier correction is underway, and delay the resumption of the up trend.
USDCHF
USDCHF is in down trend, the rise from 1.2090 is treated as consolidation to the down trend, further fall towards 1.1993 (April low) is still in favor after consolidation. Near term resistance is at the down trend line from 1.2426 to 1.2341, as long as the trend line resistance holds, down trend will continue.
GBPUSD
GBPUSD is in up trend, the rise from 1.9622 extended to as high as 2.0195, further rise towards 1.0400 is still possible in the next several days. Near term support is at the up trend line from 1.9657 to 1.9928, as long as the trend line support holds, up trend will continue.
EURUSD
EURUSD is topping at 1.3637 on 4 hours chart. Sideways consolidation is expected to follow before break above 1.3637. A break above 1.3637 level will signal the resumption of the up trend, and rise towards 1.3700 level will be seen.
USDCAD
No changed in our view, USDCAD bottomed at 1.0468 on 4 hours chart. The fall from 1.1875 (February high) might completed at 1.0468 level, rise towards 1.0757 is expected to follow in the next several days, and a break above 1.0757 level will confirm the long term up trend.
AUDUSD
AUDUSD is in up trend, the fall from 0.8598 is treated as consolidation to the up trend, and further rise towards 0.8700 is expected to follow after consolidation. Near term support is at 0.8538 and followed by 0.8505 level.
Sponsors
Forex Articles
Forex Reviews