USDJPY Analysis.
USDJPY’s fall from 83.84 can reach 82.78 only, the subsequent bounce has brought price to a trading range between 82.78 and 83.84. Now the price action in the range is more likely consolidation of uptrend from 80.30. A break above 83.84 resistance could indicate that the uptrend has resumed, then next target would be at 85.00 area. Key support is now at 82.78, only break below this level could indicate that the upward move from 80.30 is complete.
AUDUSD Analysis.
AUDUSD is in downtrend from 1.0182. Another fall towards 0.9651 support is expected later today, a break below this level will indicate that the longer term uptrend from 0.8066 (May 25 low) has completed at 1.0182 already, then the following bearish move could bring price to 0.9000 area.
GBPUSD Analysis.
GBPUSD’s fall from 1.6298 extended further to as low as 1.5741 level. Deeper decline towards 1.5649 previous low support is still possible later today. Resistance is at 1.5840, as long as this level holds, downtrend from 1.6093 will continue.
USDCHF Analysis.
USDCHF trades in a narrow range between 0.9848 and 0.9997. Resistance is at 0.9997, a break above this level will indicate that the uptrend from 0.9548 has resumed, then further rise to 1.0200 area could be seen. Key support is at 0.9848, below this level will suggesting that the rise from 0.9548 has completed at 0.9997 already, then the following downward move could bring price back to 0.9600-0.9700 area.
EURUSD Analysis.
EURUSD’s downward movement from 1.3785 extended to as low as 1.3285 level. Initial resistance is at 1.3420, as long as this level holds, downtrend could be expected to continue and next target would be at 1.3100 area.
USDCAD Analysis.
USDCAD broke below 1.0121 support, suggesting that the bounce from 0.9977 has completed at 1.0263 already. Deeper decline to 1.0050 area is still possible later today. Resistance is at 1.0165, only break above this level could bring price back to re-test 1.0263 resistance.
