AUDUSD Analysis.
Being contained by 1.0199 resistance, AUDUSD formed a sideways consolidation in a range between 1.0085 and 1.0201. The price action in the trading range is more likely consolidation of uptrend from 0.9943, a break above 1.0201 level could trigger another rise towards 1.0400 zone.
USDJPY Analysis.
USDJPY broke above 82.23 resistance, suggesting that the downward movement from 83.96 had completed at 81.57 already. Further rally is still possible in a couple of days, and target would be at 83.00 area.
GBPUSD Analysis.
GBPUSD traded in a range between 1.6215 and 1.6343. The price action in the range is likely consolidation of uptrend from 1.6030. Support is at 1.6215, as long as this level holds, uptrend could be expected to continue, and further rise towards 1.6400 is possible.
EURUSD Analysis.
EURUSD stays above a rising trend line on 4-hour chart and remains in uptrend from 1.3428. As long as the trend line support holds, uptrend could be expected to continue and next target would be at 1.4100-1.4150 area.
USDCHF Analysis.
USDCHF broke above 0.9321 resistance, suggesting that lengthier consolidation of downtrend from 0.97774 is underway. Further rally is still possible in a couple of days, and the target would be at 0.9400-0.9450 area.
USDCAD Analysis.
No changed in our view, USDCAD is forming a cycle bottom at 0.9683 level on 4-hour chart. Consolidation in a range between 0.9683 and 0.9800 would likely be seen in a couple of days. Downtrend could be expected to resume after consolidation, and another fall towards 0.9600 could be seen.
