USDCHF Analysis.
USDCHF is facing the resistance of the downward trend line on 4-hour chart, a clear break above the trend line will indicate that a cycle bottom is being formed at 0.9239, and lengthier consolidation of the downtrend from 0.9607 is underway, then further rise to 0.9400 area could be seen. However, as long as the trend line resistance holds, another fall towards 0.9100 area is still possible, and a breakdown below 0.9239 could signal resumption of the downtrend.
EURUSD Analysis.
EURUSD breaks below the upward trend line on 4-hour chart, suggesting that a cycle top is being formed at 1.3171, and consolidation of the uptrend is underway. Range trading between 1.2900 and 1.3171 would likely be seen over the next several days. Support is now at 1.2900, as long as this level holds, the uptrend could be expected to resume, and another rise towards 1.3500 is still possible after consolidation.
AUDUSD Analysis.
AUDUSD is in downtrend from 1.0624. Further decline could be expected after a minor consolidation, and next target would be at 1.0300 area. Key resistance is at 1.0624, only break above this level could trigger another rise towards 1.1000.
GBPUSD Analysis.
GBPUSD remains in uptrend from 1.5753. Support is at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.6300 area. On the other side, a clear break below the trend line could indicate that a cycle top is being formed, and consolidation of the uptrend is underway, then pullback to 1.6100 area could be seen.
USDCAD Analysis.
USDCAD is in consolidation of the downtrend from 0.9948. Range trading between 0.9632 and 0.9800 would likely be seen in a couple of days. Another fall could be expected after consolidation, and a breakdown below 0.9632 could signal resumption of the downtrend.
USDJPY Analysis.
USDJPY remains in uptrend from 77.14. Another rise could be expected after a minor consolidation, and next target would be at 79.25 area. Support levels are at 78.10 and 77.85.
