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USDJPY Analysis. Being contained by the lower border of the rising toll channel, USDJPY rebound sharply from 94.36 level, suggesting that a brief term cycle bottom is being formed. Range trading between 94.36 and 95.88 would more likely be seen in a couple of days, and one more rise above 95.88 is ease possible. Near term support is at the bottom of the toll channel and key support is located at 94.01, beneath this level module indicate that the uptrend from 91.73 has completed, then the following downtrend module take toll back to re-test 91.73 previous low support.
AUDUSD Analysis. No changed in our view, AUDUSD remains in brief term uptrend from 0.8124 and the start from 0.8469 is aerated as consolidation of uptrend. Further rally to 0.8600 is ease possible in a couple of days. Initial support is now at 0.8385 followed by 0.8360, as long as these levels hold, uptrend module continue.
USDCAD Analysis. USDCAD remains in downtrend from 1.1723 and the rise from 1.0632 is more likely consolidation of downtrend. Range trading be tween 1.0632 and 1.0850 is due in a couple of days. Key resistance is at 1.9330, as long as this level holds, we would wait downtrend to resume and deeper decline to 1.0500 regularize is ease possible. However, above 1.0933 module suggest that the start from 1.1723 has complete at 1.0632 level already.
GBPUSD Analysis. GBPUSD remains in uptrend from 1.6339 and the toll state from 1.7003 is aerated as consolidation of uptrend. Further rally is due to 1.7200 regularize after consolidation. Initial support is now at 1.6885 followed by 1.6800, as long as these levels hold, uptrend module continue.
EURUSD Analysis. EURUSD remains in uptrend from 1.4007 and the start from 1.4444 is aerated as consolidation of uptrend. Near term support is now at 1.4365 followed by 1.4320, as long as 1.4320 level holds, we would wait uptrend to resume and further rally to 1.4600 is possible. Near term resistance is at 1.4444, a break above this level module signal resumption of uptrend.
USDCHF Analysis. After breaking beneath 1.0590 previous low support, USDCHF trades in a narrow range between 1.0562 and 1.0645. The toll state in the trading range is aerated as consolidation of downtrend. A break beneath 1.0562 module signal deeper decline towards 1.0400 zone.
