EURUSD Analysis.
EURUSD continues its sideways movement in a range between 1.2803 and 1.3071. Support is at 1.2803, as long as this level holds, the price action from 1.3171 is treated as consolidation of the uptrend from 1.2042, one more rise towards 1.3500 could be expected after consolidation. Resistance is at 1.3071, a break above this level could signal resumption of the uptrend. On the downside, as long as 1.3071 resistance holds, the price action from 1.2803 could possibly be consolidation of the downtrend from 1.3171, another fall to 1.2700 area is possible.
AUDUSD Analysis.
AUDUSD has formed a cycle top at 1.0293 on 4-hour chart. Key resistance remains at the downward trend line, as long as the trend line resistance holds, the downtrend from 1.0624 could be expected to resume, and another fall to 1.0000-1.0050 area would likely be seen, only a clear break above the trend line could signal completion of the downtrend.
GBPUSD Analysis.
GBPUSD has formed a cycle bottom at 1.5976 on 4-hour chart. Further rise to test the resistance of the downward trend line would likely be seen, a clear break above the trend line could signal completion of the downward movement from 1.6309. However, as long as the trend line resistance holds, one more fall to 1.5900 is still possible.
USDCAD Analysis.
No changed in our view, USDCAD remains in downtrend from 0.9884, the rise from 0.9734 is treated as correction of the downtrend. Another fall towards 0.9632 previous low could be expected after correction, and a breakdown below 0.9734 could signal resumption of the downtrend.
USDCHF Analysis.
USDCHF continues its sideways movement in a range between 0.9274 and 0.9437. Resistance is at 0.9437, as long as this level holds, the price action from 0.9239 is treated as consolidation of the downtrend from 0.9971, another fall to 0.9000 is still possible. However, a break above 0.9431 resistance will indicate that the pair remains in uptrend from 0.9239, then next target would be at 0.9500-0.9600 area.
USDJPY Analysis.
USDJPY is facing 78.86 resistance, a break above this level will signal resumption of the uptrend from 77.43, then further rise to 80.00 area could be seen. Support is at 78.50, only break below this level could bring price back to 78.00 zone.
