GBPUSD formed a short term cycle bottom at 2.0352. Further rebound towards 2.0843 to reach the next short term cycle top is still possible in the next several days. However, the rise from 2.0352 is treated as correction to the down trend, and fall towards 2.0200 area is still possible after correction. Near term support is at the up trend line from 2.0352 to 2.0526, and key support is at 2.0526, a break below the key support will signal the resumption of the down trend.
USDCHF is in down trend. The fall from 1.1891 extended to as low as 1.0956. Further fall towards 1.0900 to reach the next short term cycle bottom is still possible in the next several days. Near term resistance is at the price channel, and as long as the channel resistance holds, down trend will continue.
USDJPY broke below 109.12 previous low and down trend resumed. Further fall towards 107.00 area to reach the next short term cycle bottom is still possible in the next several days. Near term resistance is at 110.56, and as long as this resistance holds, down trend will continue.
AUDUSD broke below 0.8748 long term key support, and down trend resumed. Further fall towards 0.8400 area to reach the next short term cycle bottom is still possible in the next several days. Near term resistance is at 0.8952, and as long as this resistance holds, down trend will continue.
EURUSD broke above 1.4751 previous high and up trend resumed. Further rise towards 1.5000 area to reach the next short term cycle top is still possible in the next several days. Near term support is at the price channel, and as long as the channel support holds, up trend will continue.
USDCAD is in up trend. The rise from 0.9056 extended to as high as 0.9923, and further rise towards 1.0000 to reach the next short term cycle top is still possible in the next several days. Near term support is at 0.9700, a break below this level will signal the reversal to the up trend.
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