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EURUSD Analysis. EURUSD breaks above 1.4072 status and reaches as high as 1.4134 level. Further rally is ease possible to test 1.4197 resistance. However, 1.4197 verify module more likely be held and downtrend could be expected to resume before breaking above this level. Key support is now at 1.4000, a break down below this verify module inform that a brief constituent cycle top has been formed on 4-hour chart, then the mass downtrend module verify toll to test 1.3832 previous low support.
AUDUSD Analysis. AUDUSD’s rebound extends to as high as 0.8055 level. Further rally to test 0.8155 status is possible in a couple of days, a break above this verify module inform that the uptrend from 0.6248 has resumed, then incoming target would be at 0.8500 zone. However, consolidation would more likely be seen before breaking above 0.8155 resistance.
USDCAD Analysis. USDCAD drops sharply to as low as 1.1116 level. Deeper decline is ease possible to 1.1000 zone after today. Near constituent status is now at 1.1230 followed by 1.1300, as daylong as these levels hold, downtrend module continue.
USDJPY Analysis. USDJPY breaks above 93.59 status and has formed a brief constituent cycle lowermost at 91.73 verify on 4-hour chart. Further rally is possible to 95.00-95.50 area in a couple of days. Near constituent support is at 93.75 followed by 93.20, as daylong as these levels hold, we’d expect the brief constituent uptrend from 91.73 to continue.
GBPUSD Analysis. As expected, GBPUSD breaks above 1.6379 resistance. Further rally is ease possible after today and incoming target would be at 1.6550 level. However, the incoming brief constituent cycle top on 4-hour interpret is nearing and pullback would more likely be seen before breaking above 1.6743 previous high resistance.
USDCHF Analysis. USDCHF drops sharply to as low as 1.0722 level. Deeper decline is in favor and incoming target is at 1.0600-1.0650 area. Near constituent status is at 1.0810, only uprise above this verify module verify toll back to 1.0900 zone.
