EURUSD Analysis.
Being contained by 1.2670 resistance, EURUSD pulls back from 1.2668. Another rise to retest 1.2670 key resistance is still possible, a break above this level could indicate that the downtrend from 1.3283 has completed at 1.2288 already, then further rise to test to test 1.2823 resistance could be seen. Support is at 1.2410, a breakdown below this level will suggesting that sideways consolidation is underway, and the trading range would be between 1.2288 and 1.2668.
USDCHF Analysis.
USDCHF is in downtrend from 1.9769, the rise from 0.9478 is treated as correction of the downtrend. Another fall could be expected after correction, and the target would be at 0.9200 area. Key resistance is at 0.9769, only break above this level could signal resumption of the uptrend from 0.9043.
AUDUSD Analysis.
AUDUSD is in uptrend from 0.9581, the price action from 1.0002 is treated as consolidation of the uptrend. Support is at 0.9820, as long as this level holds, the uptrend could be expected to resume, further rise to 1.0100 could be seen. On the downside, a breakdown below 0.9820 will suggest that lengthier consolidation of the uptrend is underway, then deeper decline to 0.9700 area could be seen.
USDCAD Analysis.
USDCAD is in downtrend from 1.0445, the rise from 1.0200 is treated as correction of the downtrend. Another fall could be expected, and next target would be at 1.0100 area. Initial resistance is at 1.0355, only break above this level could bring price back to test 1.0445 previous high resistance.
USDJPY Analysis.
USDJPY may be forming a cycle top at 79.78 on 4-hour chart. Pullback to 78.00-78.50 area would likely be seen in a couple of days. Initial resistance is at 79.78, only break above this level could trigger another rise to test 80.61 key resistance.
GBPUSD Analysis.
GBPUSD may be forming a cycle top at 1.5600 on 4-hour chart. Range trading between 1.5268 and 1.5600 would likely be seen over the next several days. Resistance remains at 1.5600, only break above this level could signal completion of the downtrend from 1.6301.
