EURUSD broke below 1.3411 previous low and down trend resumed. Further fall towards 1.3300 area can be expected. Near term resistance is at the down trend line from 1.3609 to 1.3519, only break above the trend line resistance will signal the reversal to the down trend.
USDCAD is in down trend. The fall from 1.1167 extended to as low as 1.0686, and further fall towards 1.0600 is still possible in a couple of days. Near term resistance is at the down trend line from 1.1167 to 1.0834, and followed by 1.1034, as long as 1.0834 resistance holds, down trend will continue.
No changed in our view, USDJPY formed a sideways consolidation in a range between 120.85 and 121.87. Further rise towards 122.18 (Jan 29 high) can be seen after consolidation and a break above 121.87 level will signal the resumption of the up trend. Only break below 120.85 will signal the reversal to the up trend.
AUDUSD is in down trend. The rise from 0.8163 is treated as correction to the down trend. Further fall towards 0.8130 to reach the next cycle bottom on 4 hours chart can be expected. Near term resistance is at 0.8267, only break above this level will signal the reversal to the down trend.
USDCHF is bottoming at 1.2199 on 4 hours chart, key resistance is at 1.2306, a break above this level will confirm the cycle bottom. Near term support is at 1.2199, only fall below this level will delay the resumption of the up trend.
GBPUSD topped at 1.9899 on 4 hours chart. Fall towards 1.9676 previous low can be seen in a couple of days. Near term resistance is at 1.9899, only break above this level will delay the resumption of the down trend.
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