AUDUSD is in up trend supported by the up trend line from 0.7680 to 0.8063, and reached as high as 0.8392. Further rally towards 0.8460 to reach the next cycle top on 4 hours chart is still possible in a couple of days. On the other side, the next cycle top on both 4H and daily charts is nearing. Key support is at 0.8305, a break below this level will signal the reversal to the up trend.
EURUSD is in up trend supported by the rising up trend line. Further rise towards 1.3668 (2004 high) is still possible in a couple of days. Near term support is at 1.3556, 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, the pullback from 2.0132 is treated as in correction to the up trend. Further fall to test the up trend line support is still possible later today, and sideways consolidation can be expected in the next several days.
USDCHF broke below 1.2029 (the day low of Mar 16), further fall towards 1.1950 is still possible in a couple of days. Near term resistance is at the down trend line from 1.2245 to 1.2188, only break above the trend line resistance will delay the resumption of the down trend.
USDCAD broke below the previous low support at 1.1285 (Nov 28, 2006). The next cycle bottom is nearing, sideways consolidation can be expected in the next several days, and the price will find resistance below 1.1394 level.
USDJPYUSDJPY broke below 118.21 previous low and topped at 119.86 on 4 hours chart. Further fall towards the up trend line from 115.15 to 116.38 is still possible in the next several days, and a break below the trend line support will signal the reversal to the up trend.
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