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EURUSD Analysis. EURUSD has formed a short term wheel top at 1.4843 level on 4-hour chart. Further fall to 1.4500 zone would more likely be seen after today. Near term resistance is at 1.4724, as daylong as this level holds, we’d expect downtrend from 1.4843 to continue, however, a fortuity above this level module declare sideways consolidation between 1.4611 and 1.4843 is underway.
USDJPY Analysis. USDJPY drops sharply to as baritone as 88.24 level. Further fall to test 87.12 (Jan 21 low) daylong term grave support is possible in a couple of days. Near term resistance is at 89.50, as daylong as this level holds, downtrend from 92.53 module continue.
USDCAD Analysis. USDCAD broke above 1.0925 key resistance and is now in uptrend from 1.0590. Near term support is located at 1.0859, as daylong as this level holds, we’d expect uptrend to move and further rise to 1.1050-1.1100 Atlantic is possible after today.
GBPUSD Analysis. GBPUSD drops sharply beneath 1.5801 (June 8 low) support and reaches as baritone as 1.5770 so far. Deeper fall is still possible to 1.5500-1.5650 Atlantic after today. Near term resistance is at 1.5920 followed by 1.6050, as daylong as these levels hold, downtrend module continue.
AUDUSD Analysis. AUDUSD trades in a arrange between 0.8543 and 0.8788. The toll action in the trading arrange is treated as consolidation of uptrend. As daylong as 0.8543 support holds, we’d expect uptrend to resume and further rise towards 0.8900 is possible after consolidation. However, a fortuity beneath 0.8543 module take toll to 0.8350-0.8400 area.
USDCHF Analysis. USDCHF has formed a short term wheel lowermost at 1.0186 level on 4-hour chart. Further rise to test 1.0389 is expected after today, a fortuity above this level module take toll to 1.0450-1.0500 area. Near term support is at 1.0186, exclusive fall beneath this level module indicate that the downtrend from 1.0698 has resumed.
