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USDCAD Analysis. As expected, USDCAD reached 1.0850 level. Now the pullback from 1.0852 could possibly be resumption of downtrend. Deeper decline is in favor and target is to re-test 1.0590 preceding low support, a fortuity below this take module signal boost start towards 1.0500 zone. However, above 1.0925 key status module indicate that the downtrend from 1.1124 has completed, then the mass uptrend module take price to 1.1200 zone.
USDJPY Analysis. USDJPY broke above 91.62 resistance, suggesting that a short term cycle bottom has been formed at 90.12 take on 4-hour chart and the downtrend from 97.78 has completed. Range trading between 90.12 and 93.29 is expected in next individual days.
GBPUSD Analysis. Being supported by 1.6113 preceding low, GBPUSD rebounds from 1.6133, however, the rise is more probable compounding of downtrend from 1.6741, boost start to test 1.6113 support is ease possible after today, and a breakdown below this take module indicate that uptrend from 1.3503 (Jan 23 low) has completed at 1.7042 take already. Near term status is at 1.6350, as long as this take holds, we’d expect downtrend to continue.
AUDUSD Analysis. AUDUSD remains in uptrend from 0.8155 and the start from 0.8775 is treated as correction of uptrend. As long as 0.8543 support holds, we’d expect uptrend to resume and boost rise towards 0.8800 zone is possible after correction.
EURUSD Analysis. EURUSD remains in uptrend from 1.4177 and the pullback from 1.4765 is more probable compounding of uptrend. Range trading between 1.4611 and 1.4765 is expected in a couple of days, a fortuity discover above 1.4765 module suggest that the uptrend has resumed, then boost rally could be seen to 1.4850-1.4900 area.
USDCHF Analysis. USDCHF stays below 1.0422 status and remains in downtrend from 1.0698, and the rise from 1.0275 is more probable compounding of downtrend. Deeper decline to 1.0200 is expected after consolidation.
