AUDUSD Analysis.
AUDUSD continued its downward movement from 1.0764, and the fall extended to as low as 1.0019. Further fall towards 0.9927 (Aug 9 low) is still possible after a minor consolidation. Resistance is at the downtrend line on 4-hour chart, only a clear break above the trend line could indicate that the fall from 1.0764 is complete.
GBPUSD Analysis.
GBPUSD stays below a downtrend line on 4-hour chart, and remains in downtrend from 1.6453, and the fall extends to as low as 1.5475. As long as the trend line resistance holds, downtrend could be expected to continue after a minor consolidation, and next target would be at 1.5400 area.
USDCAD Analysis.
USDCAD broke above 1.0025 resistance, and the rise from 0.9779 extends to as high as 1.0097. Further rise is still possible after a minor consolidation, and next target would be at 1.0200 area. Support is at 1.0000, as long as this level holds, uptrend will continue.
USDCHF Analysis.
USDCHF broke above 0.8925 resistance, suggesting that the uptrend from 0.7067 has resumed. Further rise could be seen in a couple of days, and next target would be at 0.9300 area. Support levels are at 0.8780 and 0.8648.
EURUSD Analysis.
No changed in our view, EURUSD is forming a sideways consolidation in a rang between 1.3499 and 1.3936. As long as 1.3936 resistance holds, downtrend could be expected to resume after consolidation, and a breakdown below 1.3499 could signal resumption of downtrend.
USDJPY Analysis.
Being contained by 75.96 previous low support, USDJPY rebounded from 76.12, suggesting that a cycle bottom is being formed on 4-hour chart. Further rise towards 77.85 resistance would likely be seen in a couple of days.
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