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AUDUSD Analysis. AUDUSD in moving to next short term cycle crowning on 4-hour chart. As long as 0.7960 hold holds, we’d expect uptrend from 0.7703 to continue and direct is to test 0.8155 preceding high resistance, above this take module indicate that the medium term uptrend from 0.6248 has resumed. However, a break beneath 0.7960 take module suggests that a cycle crowning has been bacilliform and the short term uptrend from 0.7703 has completed, then deeper decline could be seen to 0.7800-0.7850 area.
USDJPY Analysis. USDJPY breaks above 94.46 resistance. Further rally is now in favor and next direct would be at 95.00-95.50 area. Near term hold is at 93.85 and key hold is located at 93.25, a break down beneath 93.25 take module indicate that the rebound from 91.73 has completed, then the following downtrend module take price to 90.00 zone.
EURUSD Analysis. EURUSD is moving to test 1.4197 preceding high resistance. This take is more likely be held and pullback is due before breaking above this level. attorney hold is located at 1.4056, a break beneath this take module suggest that the uprise from 1.3832 has completed, and further fall towards 1.3832 preceding low is due to follow.
USDCAD Analysis. USDCAD remains in downtrend from 1.1723 and the fall extends to as low as 1.1076 level. Deeper decline is still in favor and next short term direct would be at 1.1000 level. Near term status is at 1.1223, only uprise above this take module take price backwards to 1.1300 zone.
GBPUSD Analysis. GBPUSD breaks beneath 1.6355 key support, suggesting that a short term cycle crowning has been bacilliform at 1.6480 take on 4-hour chart. Further decline towards 1.6100 is due in a couple of days. Near term status is at 1.6480, only uprise above this take module indicate that the uptrend from 1.5984 has resumed, then further uprise to1.6600 could be seen to follow.
USDCHF Analysis. No changed in our view, USDCHF is in range trading between 1.0590 and 1.1021. Moving sideways without way in the range is due to follow. One more uprise above 1.1021 would more likely be seen after the sideways consolidation.
