AUDUSD Analysis.
AUDUSD is facing 1.0480 resistance, a break above this level will confirm that the uptrend from 1.0149 (Oct 8 low) has resumed, then further rise towards 1.0550 could be seen. Support is at the upward trend line on 4-hour chart, only a clear break below the trend line will suggest that lengthier consolidation of the uptrend is underway, then sideways movement in a rang between 1.0287 and 1.0480 could be seen.
USDCAD Analysis.
USDCAD breaks below the lower line of the price channel on 4-hour chart, suggesting that the uptrend from 0.9632 (Sep 14 low) has completed at 1.0055 already. Deeper decline to test 0.9874 support would likely be seen later today. Resistance is at the downward trend line, only a clear break above the trend line resistance could trigger another rise towards 1.0055 previous high.
EURUSD Analysis.
EURUSD remains in uptrend from 1.2661, and the rise extends to as high as 1.2990. Further rise could be expected after a minor consolidation, and next target would be at 1.3100 area. Support is now at 1.2900, as long as this level holds, the uptrend will continue.
GBPUSD Analysis.
GBPUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.5827. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.6100 area, only a clear break below the trend line could signal completion of the uptrend.
USDJPY Analysis.
USDJPY remains in uptrend from 79.07, the fall from 82.83 is likely consolidation of the uptrend. Support is at 82.00, as long as this level holds, the uptrend could be expected to resume, and another rise to 83.50 area could be seen.
USDCHF Analysis.
USDCHF remains in downtrend from 0.9511, and the fall extends to as low as 0.9265. Further decline could be expected after a minor consolidation, and next target would be at 0.9200 area. Resistance is at 0.9330, as long as this level holds, the downtrend will continue.
