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GBPUSD Analysis. GBPUSD might be forming a short constituent cycle top at 1.6592 take on 4-hour chart. Moving lower to test 1.6275 key hold is due in a couple of days, a break below this take will confirm the cycle top and declare that the downtrend from 1.7042 has resumed, then deeper fall could be seen to 1.6000 zone. Key status is located at 1.6663, exclusive uprise above this take will indicate that the fall from 1.7042 has completed at 1.6275 take already.
EURUSD Analysis. EURUSD rebounds to as broad as 1.4266 level. Further uprise to test 1.4327 status is ease possible. As long as this take holds, we’d wait downtrend to resume and deeper fall to 1.3800 is ease possible. However, a break above 1.4327 key status will indicate that the uptrend from 1.3748 (June 16 low) has resumed, then digit more uprise above 1.4447 could be seen.
USDCHF Analysis. USDCHF breaks below 1.0670 support. Range trading between 1.0562 and 1.0883 is due in next several days. The price state from 1.0590 (June 2 low) is treated as consolidation of downtrend from 1.1963 (Mar 12 high), digit more uprise towards 1.1000 zone to complete the consolidation would more likely be seen.
USDCAD Analysis. USDCAD drops sharply to as low as 1.0938. Deeper fall is doable to test the hold of the rising way distinction from 1.0632 to 1.0795 later today. As long as the way distinction hold holds, we would wait the uptrend from 1.0632 to resume and boost uprise towards 1.1400 is possible.
USDJPY Analysis. USDJPY’s downtrend extends boost to as low as 93.67. As the next short constituent cycle bottom on 4-hour chart is nearing, consolidation in arrange between 93.67 and 95.28 would more likely be seen in a couple of days. Near constituent hold is now at 93.67, exclusive fall below this take will declare that the downtrend from 97.78 has resumed, and deeper fall could be seen to 93.25 zone.
AUDUSD Analysis. No changed in our view, AUDUSD is in short constituent downtrend from 0.8477 and the rebound from 0.8155 is treated as consolidation of downtrend. Deeper fall is ease doable to 0.7900 zone after consolidation. Key status is at 0.8477, exclusive uprise above this take will declare that the uptrend from 0.7703 has resumed, then boost rally could be seen to 0.8700 zone.
