USDCHF
USDCHF is in correction to the down trend. the rise from 1.1816 extended to as high as 1.2068, further rise towards 1.2080 area to reach the next cycle top is still possible later today, and the next cycle top is nearing. Near term support is at the up trend line, a break below the trend line support will confirm the cycle top.
USDJPY
No changed in our view, USDJPY is in consolidation to the down trend. Further fall below 117.15 previous low to reach the next cycle bottom on 4 hours chart is still possible in a couple of days. Near term resistance is at the price channel and key resistance is at 119.80, a break above this key resistance will signal the reversal to the down trend.
GBPUSD
GBPUSD is in down trend. the fall from 2.0652 extended to as low as 2.0084, and further fall towards 2.0000 area to reach the next cycle bottom is still possible in a couple of days. Near term resistance is at 2.0270, as long as this resistance holds, down trend will continue.
USDCAD
No changed in our view, USDCAD bottomed at 1.0461 and further rise above 1.0698 is expected to follow in the next several days. Near term resistance is at 1.0642, a break above this level will signal the resumption of the up trend.
EURUSD
EURUSD broke below 1.3609 previous low. Further fall towards 1.3550 to reach the next cycle bottom on 4 hours chart is still possible later today. Near term resistance is at 1.3710, as long as this resistance holds, down trend will continue.
AUDUSD
AUDUSD is in down trend. Further fall towards 0.8300 area to reach the next short term cycle bottom is expected to follow in a couple of days. Near term resistance is at 0.8504, and as long as this resistance holds, down trend will continue.
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