USDCAD is in down trend. The fall from 1.1825 extended to as low as 1.1133, further decline towards 1.1100 is still possible in a couple of days. Near term resistance is at the down trend line from 1.1394 to 1.1338, now at 1.1231, a break above the trend line resistance will signal the reversal to the down trend.
USDJPY moved without trend in a narrow range between 118.22 and 119.03 for 4 days. Further rise towards 119.86 previous high to reach the next cycle top on 4 hours chart is still in favor, and a break above 119.03 will confirm such case. Near term support is at 118.22, and key support is at 117.59, only break below the key support will signal the reversal to the up trend and fall towards 115.15 (March low) can be seen.
USDCHF broke below 1.2001 previous low. The fall from 1.2282 extended to as low as 1.1993, further fall towards 1.1950 is still possible in a couple of days. Key resistance is at 1.2126, only break above this level will signal the reversal to the down trend.
AUDUSD broke below the medium term up trend line (from 0.7680 to 0.8063) support, sideways consolidation will more likely be seen in the next several days. Key resistance is at 0.8392, a break above this level will signal the resumption of the up trend.
No changed in our view, GBPUSD topped at 2.0132 on 4 hours chart. Consolidation of the up trend can be expected in the next several days. The price will find support at the up trend line from 1.9212 to 1.9590. Key resistance is at 2.0132, a break above this level will signal the resumption of the up trend.
EURUSDEURUSD broke above 1.3636 previous high and further rise above the long term resistance at 1.3664 (2004 high) is still possible in a couple of days. Near term support is at the price channel, and as long as the channel support holds, up trend will continue.
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