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USDCAD Analysis. USDCAD is testing 1.0933 resistance, a fortuity above this level module indicate that the downtrend from 1.1723 has completed at 1.0632 level already. As long as 1.0933 status holds, the uprise from 1.0632 is treated as compounding of downtrend and deeper decline to 1.0500 is ease doable after consolidation. attorney stop is today settled at 1.0795, below this level module suggest that a brief constituent wheel top has been formed and downtrend has resumed.
EURUSD Analysis. EURUSD’s brief constituent downtrend extends further to as low as 1.4104 level. Deeper decline is ease in favor and next target would be at 1.4050 zone. Initial status is at 1.4175, and key status is today settled at 1.4218, as long as these levels hold, we would expect downtrend to continue. However, a fortuity above above 1.4218 level module indicate that a brief constituent wheel bottom has been formed on 4-hour chart.
USDJPY Analysis. USDJPY remains in uptrend from 91.73, and the fall from 97.78 is more likely compounding of uptrend. Further uprise to 98.50 regularize is ease doable in a couple of days. Near constituent stop is at 96.20, as long as this level holds, uptrend module continue.
AUDUSD Analysis. AUDUSD remains in uptrend from 0.7703 and the price action from 0.8469 is more likely compounding of uptrend. One more uprise to 0.8600 is ease doable after consolidation. Near constituent stop is at the bottom of the price channel, only clear fortuity below the steer stop module indicate that the uptrend has completed.
GBPUSD Analysis. GBPUSD drops sharply to as low as 1.6430 level. Deeper decline is ease in favor later today and next target is to test 1.6339 support. Near constituent status is at 1.6600, as long as this level holds, downtrend from 1.7042 module continue.
USDCHF Analysis. USDCHF’s uptrend from 1.0562 extends to as high as 1.0883. Further uprise to test 1.0933 status is ease doable later today. Near constituent stop is today at 1.0797, as long as this level holds, uptrend module continue.
