USDCHF
USDCHF is forming a sideways consolidation to the down trend. Rise above 1.2067 to reach the next cycle top on 4 hours chart is expected to follow later today. Near term resistance is at the down trend line, from 1.2338 to 1.2232, and as long as the trend line resistance holds, down trend will continue.
USDJPY
No changed in our view, USDJPY bottomed at 122.96 on 4 hours chart, further rise towards 124.13 previous high can be seen in the next several days, and a break above this level will signal the resumption of the up trend. Near term support is at 120.96, only break below this level will indicate lengthier correction to the up trend.
GBPUSD
GBPUSD is in up trend, the rise from 1.9621 extended to as high as 2.0365. Further rise towards 2.0450 is still possible in the next several days. Near term support is at 2.0260 and followed by the up trend line from 1.9657 to 2.0056, now at 2.0190.
USDCAD
USDCAD is in consolidation to the down trend, fall below 1.0442 to reach the next cycle bottom on 4 hours chart is expected to fallow later today. Near term resistance is at 1.0610, as long as this resistance holds, down trend will continue.
EURUSD
EURUSD is in up trend, further rise towards 1.3900 is expected to follow in the next several days. Near term support is at the up trend line from 1.3422 to 1.3594, and as long as the trend line support holds, up trend will continue.
AUDUSD
AUDUSD is in up trend, the rise from 0.8355 extended to as high as 0.8716, sharply rise towards 0.8800 is still possible in a couple of days. Near term support is at 0.8600, as long as this support holds, up trend will continue.
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