EURUSD failed to break above 1.2921 key resistance and now the price is between range 1.2587 and 1.2921. For long term analysis pullback to 1.2200 is expected in next several weeks. However, the fall is treated as correction of uptrend from 1.1876, another rise towards 1.4000 is still possible after correction.
GBPUSD
GBPUSD fall from 1.5997 and continuation fall to 1.4317 is still possible for next week. Key support remains at 1.4317 and resistance at 1.6825. For long term analysis, GBPUSD is in uptrend from 1.4230. Rise to 1.8000 area to reach next cycle top on weekly chart is expected in next several weeks.
USDCHF
USDCHF fell to 1.0063 last week. Sideways consolidation in a range between 1.0063 and 1.0594 is expected in next several days. However, another fall is still possible after consolidation, and a breakdown below 1.0063 could indicate that the downtrend from 1.1730 has resumed, then next target could be seen to 1.0000 area.
USDJPY
Last week USDJPY fell to 83.34. Key resistance is 89.97, as long as this level holds, downtrend is expected to continue and deeper decline to 82.00 is still possible. However, a break above key resistance will indicate that the fall from 92.88 has completed at 83.34 already, then the following upward move could bring price to 90.00 area.
USDCAD
USDCAD back up to 1.0512 last week. Range trading between 1.0031 and 1.0796 is expected in a couple of weeks. For long term analysis, USDCAD formed a cycle top at 1.0852 level on weekly chart.
AUDUSD
AUDUSD broke above 0.8968 resistance. Further rise is still possible next week and next target is at 0.9507. Near term support is at 0.9090, as long as this level holds, uptrend from 0.8771 could be expected to continue. However, below 0.9090 will suggest that a cycle top is being formed on daily chart, then pullback towards the lower border of the price channel could be seen.
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