EURUSD bottomed on 4 hours chart, and the fall from 1.3851 completed at 1.3609 level. Further rise towards 1.3851 previous high is expected to follow in the next several days. Near term support is at 1.3609, only break below this level will signal the resumption of the down trend.
No changed in our view, USDJPY is bottoming at 117.97 on 4 hours chart, key resistance is at the down trend line from 122.39 to 120.72, a break above the trend line resistance will confirm the cycle bottom. Near term support is at 117.97, only break below this level will signal the resumption of the down trend.
USDCHF broke below 1.2020 key support and reached as low as 1.2005, further fall towards 1.1960 (July 18 low) is expected to follow in a couple of days, a break below this level will signal the resumption of the long term down trend.
GBPUSD is bottoming at 2.0182 on 4 hours chart. Rise towards 2.0450 is expected to follow in the next several days. Near term support is at 2.0182, only break below this level will signal the resumption of the down trend.
AUDUSD is bottoming at 0.8458 on 4 hours chart. Rise towards 0.8700 is expected to follow in the next several days. Near term support is at 0.8458, only break below this level will signal the resumption of the down trend.
USDCAD is in up trend, the rise from 1.0339 extended to as high as 1.0698, and further rise towards 1.0757 (June 21 high) is still possible in the next several days. Near term support is at 1.0525, only break below this level will signal reversal to the up trend.
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