Last week EURUSD fell to 1.2587. Key resistance is at 1.2921, as long as this level holds, downtrend is expected to continue and next target would be at 1.2500 area and for long term could continue to 1.1800 area. But if it reach above 1.2921 will indicate that the fall from 1.3333 has completed at 1.2587 already, then further rise towards 1.3475 previous high could be seen.
GBPUSD
GBPUSD remains in downward and the fall extended to as low as 1.400 area is possible. Key resistance is at 1.5701, break above this level will indicate that a cycle bottom has been formed at 1.5372 already, then the another rise towards 1.7000 could be seen.
USDCHF
USDCHF remains in downward move from 1.1730. Resistance is at 1.0594, as long as this level holds, downtrend is expected to continue and next target would be at 1.0100 area. Key resistance is at 1.0675, only break above this level could indicate that the fall from 1.1394 is complete.
USDJPY
Last week USDJPY fell to 83.61. Resistance at 86.00 area, break above the trend line resistance will confirm the cycle bottom, then further rally could be seen to 87.00-88.00 area. Support is at 84.11, only break below this level could trigger another fall to 82.00 zone.
USDCAD
After reached 1.0670, USDCAD dropped back to 1.0508. Key resistance is at 1.0676, only break above this level could trigger another rise to 1.0800-1.0850 area. For long term analysis, USDCAD formed a cycle top at 1.0852 level on weekly chart. Rang trading between 0.9930 and 1.0852 would more likely be seen in next several weeks.
AUDUSD
AUDUSD fell down to 0.8767. Further rally to test 0.8961 key resistance is expected next week, a break above this level will rise towards to 0.9500 area. For long term analysis, AUDUSD has formed a cycle bottom at 0.8066 level on weekly chart. Rise towards 0.9849 is expected in next several weeks.
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