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AUDUSD Analysis. AUDUSD remains in brief term uptrend from 0.8155. Further rise to test 0.8477 previous high resistance is ease doable in a couple of days. Downtrend is due to uphold before breaking above this level, and pullback towards 1.0700 would more likely be seen. However, a break above 0.8477 resistance module declare that the uptrend from 0.7703 has resumed, then further rally is due to 0.8700 zone.
GBPUSD Analysis. GBPUSD breaks beneath 1.6375 key support, suggesting that a brief term cycle top has been formed at 1.6623 take on 4-hour chart. Now the fall from 1.6623 is treated as resumption of downtrend. Deeper decline is due to test 1.6275 previous baritone support, a break downbound beneath this take module signal further fall towards 1.6000 zone. Near term resistance is at 1.6445, as daylong as this take holds, downtrend from 1.6623 module continue.
USDCAD Analysis. USDCAD might be forming a brief term cycle bottom at 1.0718 take on 4-hour chart. Further rise is today in souvenir and target is to test 1.1124 previous high resistance. Near term hold is at 1.0718, only fall beneath this take module declare that the downtrend from 1.1124 has resumed and deeper decline to re-test 1.0632 could be seen to follow.
USDJPY Analysis. As expected, USDJPY stays in a trading range between 93.42 and 95.05. Moving oblique in this range is due in a couple of days. As daylong as 95.28 key resistance holds, we’d expect downtrend to uphold and deeper decline to 90.00 zone is ease doable after consolidation.
EURUSD Analysis. EURUSD is forming a brief term cycle top at 1.4375 take on 4-hour chart. Range trading between 1.4200 and 1.4375 is due in a couple of days. Key hold is located at 1.4200, beneath this take module indicate that the brief term uptrend from 1.4045 has completed at 1.4375 take already, then deeper decline could be seen to test 1.4045 support.
USDCHF Analysis. USDCHF remains in downtrend from 1.0883 and the rebound from 1.0553 is treated as compounding of downtrend. Further rise towards the upper border of the falling price channel is due in a couple of days. As daylong as the channel resistance holds, we would expect downtrend to uphold and another fall towards 1.0500 is ease doable after consolidation.
