EURUSD was uptrend on last week. Further rise towards 1.3515 previous high is still possible next week. However, the bounce from 1.2587 is treated as correction of downtrend from 1.3333, next resistance on 1.3333 and as long as the key resistance holds, we'd expect downtrend to resume and another fall to 1.2500 area would more likely be seen.
GBPUSD
GBPUSD still has possibility to rise forward until 1.6835 for next week. However, the bounce from 1.5296 is more likely correction of downtrend from 1.5997, as long as 1.5997 key resistance holds, one more fall to 1.5000 is still possible.
USDCHF
Being contained by 0.9764 support, USDCHF rebounded from 0.9932. Key resistance is now at 1.0588, as long as this level holds, downtrend is expected to continue and another fall to test 0.9764 support is still possible, a breakdown below this level will target 0.9600 area. However, above 1.0588 will indicate that a cycle bottom has been formed on daily chart, then the following upward move could bring price back to 1.1000 area.
USDJPY
USDJPY bounced strongly from 82.87 and is now facing 85.89 key resistance, a clear break above this level will suggesting that a cycle bottom has been formed on daily chart and the fall from 92.88 has completed, then the following upward move could bring price to 89.50 and if this level break could continue to 94.00 area. For long term analysis, USDJPY may be forming a cycle bottom at 82.87 level on weekly chart, bounce to 89.00 area would more likely be seen in this weeks.
USDCAD
USDCAD still possible to fall towards 1.0058 this week, rebound would more likely be seen before breaking below this level. Resistance is at 1.0453, a break above this level will indicate that a cycle bottom has been formed, then another rise towards 1.0840 resistance could be seen.
AUDUSD
AUDUSD broke above 0.9404. Further rise is still possible next week and next target would be at 0.9500 area. Support is at 0.8944, as long as this level holds, uptrend from 0.8771 could be expected to continue. However, a breakdown below 0.8944 level will indicate that a cycle top has been formed on daily chart, then pullback to the lower border of the rising price channel could be seen to follow.
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