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GBPUSD Analysis. GBPUSD broke above the upper abut of the toll channel, suggesting that a short constituent cycle bottom is existence formed at 1.6153 take on 4-hour chart. Range trading between 1.6153 and 1.6500 is expected in a pair of days. However the toll state from 1.6153 is treated as compounding of downtrend from 1.7042, further fall towards 1.6000 is still doable after consolidation, and a fortuity below 1.6153 module communication resumption of downtrend.
EURUSD Analysis. EURUSD broke above 1.4375 status last week. Further rise to re-test 1.4447 is now in favor, and a fortuity above this take module suggest that the uptrend from 1.3748 (June 16 low) has resumed. Key support is at 1.4200, exclusive fall below this take module take toll back to 1.4100 zone.
AUDUSD Analysis. AUDUSD is testing 0.8477 previous high resistance. As daylong as this take holds, we’d wait downtrend to resume and pullback to 0.8250-0.8300 would more likely be seen before breaking above 0.8477 level. However a fortuity of 0.8477 module suggest that the uptrend from 0.7703 has resumed, then the next target would be at 0.8600-0.8700 area.
USDCAD Analysis. No changed in our view, USDCAD is in short constituent uptrend from 1.0718 and the pullback from 1.1019 is treated as correction of uptrend. As daylong as 1.0718 support holds, we would wait uptrend to resume and one more rise towards 1.1400 is still possible.
USDJPY Analysis. USDJPY is in short constituent downtrend from 95.05. Deeper decline to 92.50 is expected in a pair of days. Near constituent status remains at the dropping trend distinction from 95.05 to 94.55 now at 94.05, as daylong as the trend distinction status holds, downtrend module continue.
USDCHF Analysis. USDCHF remains in short constituent downtrend from 1.0883. Near constituent status is now located at the dropping trend distinction on 4-hour interpret now at 1.0680, as daylong as the trend distinction status holds, we’d wait the downtrend to continue. Key status is at 1.0714, above this take module inform that the downtrend from 1.0883 has completed, then recuperate towards 1.1000 could be seen to follow.
