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USDCAD Analysis. Being contained by the falling way line from 1.1113 to 1.0933, USDCAD drops from 1.0783, suggesting that a brief term cycle top is being formed on 4-hour chart. Deeper fall is expected to test 1.0632 preceding low hold later today, a break down below this take module confirm the cycle top and signal deeper fall to 1.0500 zone. Near term resistance is at the falling way line today at 1.0765, above this take module inform that lengthier compounding of downtrend is underway.
USDJPY Analysis. USDJPY stays in the rising toll channel and relic in uptrend from 91.73. Range trading between 94.36 and 95.88 would more likely be seen in a couple of life and boost rally is still possible to 96.00-96.50 area after consolidation. Near term hold is at 94.36 and key hold is at 94.01, below these levels module inform that the uptrend from 91.73 has completed at 95.88 take already, then boost fall to test 91.73 preceding low hold could be seen to follow.
AUDUSD Analysis. AUDUSD stays above the rising way line from 0.7703 to 0.8124 and relic in uptrend. The toll action from 0.8469 is treated as compounding of the uptrend. Near term hold is at 0.8360 and key hold is at the rising way line, as daylong as the way line hold holds, we would wait uptrend to resume and boost rally to 0.8600 is possible.
GBPUSD Analysis. GBPUSD relic in brief term uptrend from 1.6339 and the rise extends to as high as 1.7042 level. Further rally is still in souvenir and next target would be at 1.7200 zone. Near term hold is at today 1.6888, as daylong as this take holds, uptrend module continue.
EURUSD Analysis. EURUSD relic in uptrend from 1.4007 and the toll action from 1.4444 is treated as compounding of uptrend. Further rise towards 1.4600 is still possible after consolidation. Near term hold is today at 1.4356, as daylong as this take holds, we’d wait the uptrend to continue.
USDCHF Analysis. USDCHF relic in downtrend from 1.0933 and the rebound from 1.0562 is more likely compounding of downtrend. Range trading between 1.0562 and 1.0659 is expected in a couple of life and deeper fall is still possible after consolidation. Near term hold is at 1.0562, below this take module inform that the downtrend has resumed and target would be at 1.0450-1.0500 area.
