EURUSD faces resistance at 1.2921. Break above this level could bring to 1.3340. Key support is at 1.2587, only break below this level could trigger another fall towards 1.2200 zone. 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 still tends to fall from 1.5997. Resistance is at 1.5516, as long as this level holds, downward move is expected to continue and next target would be at 1.5200 area. However, a break above 1.5516 will indicate that a cycle bottom has been formed on daily chart and the fall from 1.5997 has completed at 1.5326 already, then in next several weeks the following upward movement could bring price back to 1.6800 area.
USDCHF
USDCHF still tends to fall from 1.1730. Resistance is at 1.0638, as long as this level holds, downtrend is expected to continue and next target would be at 1.0000 area. But break above this level could bring USDCHF to 1.1461. For long term analysis, further fall to 1.0000 to reach next cycle bottom on weekly chart is expected in a couple of weeks.
USDJPY is forming a cycle bottom at 83.62 level on the daily chart. Range trading between 84.85 and 89.91 would more likely be seen in next several days. As long as 89.91 resistance holds, downtrend from 92.88 is expected to continue and one more fall towards 80.00 is still possible after consolidation. But break above resistance could bring to 94.88. Support is at 84.85 a break below this level will signal resumption of downtrend.
USDCAD
USDCAD would face range trading between 1.0410 and 1.0790. Break bellow 1.0410 could indicate if a cycle top has been formed at 1.0672 on daily chart, and the rise from 1.0107 has completed, then deeper decline towards 1.0107 could be seen.
AUDUSD
AUDUSD faces resistance at 0.8949. Rise towards this level is expected on next several weeks. Key support is 0.8386. Only break below this level could bring price to range trading between 0.8000 area
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