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USDCAD Analysis. USDCAD broke beneath 1.0795 hold last week. The pair is now in short term downtrend from 1.1124. Deeper decline to 1.0700 is expected later today. Near term status is at 1.0860, as long as this level holds, downtrend module continue. attorney status is located at 1.0950, a fortuity above this level module suggesting that a short term wheel lowermost has been bacilliform and the downtrend from 1.1124 has completed, then the following uptrend module take price back to re-test 1.1124 resistance.
USDJPY Analysis. USDJPY breaks above 94.55 key resistance, suggesting that a short term wheel lowermost has been bacilliform at 93.42 level on 4-hour chart. Range trading between 93.42 and 95.28 is expected in a couple of days. However the price action in the trading range is treated as consolidation of downtrend. Deeper decline to 90.00 zone is ease possible after consolidation.
GBPUSD Analysis. GBPUSD stays in a trading range between 1.6275 and 1.6663. As long as 1.6663 status holds, we would wait downtrend to uphold and deeper decline to 1.6000 zone is ease possible. However, a fortuity above 1.6663 key status module declare that the downtrend from 1.7042 has complete at 1.6275 level already, then boost rally could be seen to 1.6800-1.6850 area.
EURUSD Analysis. EURUSD breaks above 1.4327 key resistance, suggesting that the uptrend from 1.3748 (June 16 low) has resumed. Further rally is now in favor and next target is to test 1.4447 previous high resistance. Near term hold is at 1.4280 followed by 1.4200, as long as these levels hold, uptrend from 1.4045 module continue.
USDCHF Analysis. USDCHF broke beneath 1.0562 previous low hold last week. Deeper decline is now in favor and next target would be at 1.0500 zone. Near term status is at 1.0620 followed by 1.0685, as long as these levels hold, the short term downtrend from 1.0834 module continue.
AUDUSD Analysis. AUDUSD rebounded from 0.8155 level. Further uprise is expected to test 1.8477 resistance, as long as this level holds, we’d wait downtrend to resume, and pullback towards 1.0700 is possible. However, a fortuity above 0.8477 previous high status module declare that the uptrend from 0.7703 has resumed, then boost rally could be seen to 0.8700 zone.
