No changed to our view, AUDUSD is in up trend, and further rise towards 0.8400 to reach the next cycle top on 4 hours chart is still possible in the next several days. Near term support is at the up trend line from 0.7680 to 0.8063, only break below the trend line support will signal the reversal to the up trend.
EURUSD is in up trend supported by the rising price channel. Further rise towards 1.3668 (2004 high) is still possible in the next several days. Near term support is at the price channel and key support is at 1.3485, only break below 1.3485 level will signal the reversal to the up trend.
GBPUSD is in up trend supported by the up trend line from 1.9590 to 1.9781. The fall from 1.9940 suggests a short term top might be formed and a break below the trend line support will confirm such case.
USDCHF broke below the key support at 1.2082 and bottomed at 1.2066 on 4 hours chart. Further rise towards 1.2282 previous high is possible in the next several days, and a break above 1.2188 will confirm such case.
As expected, USDCAD reached as low as 1.1300 level. Consolidation will be seen before breaking below 1.1285 (the day low of Nov 28, 2006) level, the price will find resistance below the falling trend line.
USDJPYKey resistance at 119.53 is broken above, the up trend of USDJPY resumed. Further rise towards 121.00 level can be expected in the next several days. Key support is now at 118.21, only break below this level will signal the reversal to the up trend.
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