USDCAD Analysis.
USDCAD breaks below 0.9980 support, suggesting that a cycle top has been formed at 1.0055 on 4-hour chart. Further decline would likely be seen, and next target would be at the lower line of the price channel on 4-hour chart. As long as the channel support holds, the fall from 1.0055 could be treated as consolidation of the uptrend from 0.9632 (Sep 14 low), and one more rise towards 1.0100 is still possible after consolidation. Key support is at 0.9874, only break below this level could signal completion of the uptrend.
AUDUSD Analysis.
AUDUSD breaks above the upper line of the price channel on 4-hour chart, suggesting that the downward movement from 1.0480 has completed at 1.0287 already. Further rise to test 1.0480 previous high resistance would likely be seen. Support is at 1.0365, as long as this level holds, the uptrend from 1.0287 will continue.
EURUSD Analysis.
EURUSD break above the upper line of the price channel on 4-hour chart, suggesting that the downtrend from 1.3138 has completed at 1.2661 already. Further rise would likely be seen, and next target would be at 1.2900 area. Support is at 1.2661, only break below this level could trigger another fall towards 1.2500.
GBPUSD Analysis.
GBPUSD is in consolidation of the downtrend from 1.6174. Range trading between 1.5827 and 1.5950 would likely be seen in a couple of days. Support is at 1.5827, only break below this level could trigger another fall towards 1.5700.
USDJPY Analysis.
USDJPY may be forming a cycle top at 81.58 on 4-hour chart. Range trading between 80.50 and 81.58 would likely be seen over the next several days. As long as 80.50 support holds, another rise could be expected after consolidation, and a break above 81.58 could signal resumption of the uptrend from 79.07.
USDCHF Analysis.
USDCHF breaks below the lower line of the price channel on 4-hour chart, suggesting that the uptrend from 0.9214 has completed at 0.9511 already. Further decline would likely be seen, and next target would be at 0.9350 area. Resistance is at 0.9511, only break above this level could trigger another rise towards 0.9600.
