USDCAD is in down trend. The fall from 1.0866 (Aug 16 high) extended to as low as 0.9612. Further fall towards 0.9400 is expected. Near term resistance is at 0.9824, as long as this resistance holds, down trend will continue.
EURUSD is testing the previous high resistance at 1.4348, a break above this level will signal the resumption of the up trend, and further rise towards 1.4500 to reach the next cycle top can be seen next week.
AUDUSD broke above 0.9077 previous high. Further rise towards 0.9300 to reach the next short term cycle top is still possible in the next several days. Key support is at 0.8748, only break below this level will signal the reversal to the up trend.
USDJPY is bottoming at 113.23 on 4 hours chart, key resistance is at 115.01, a break above this level will confirm the cycle bottom. Near term support is at 113.23, if gives way, the pair will find support at 112.00 area.
GBPUSD broke above 2.0538 previous high, further rise above 2.0652 (Jul 24 high) is still possible. Key support is at 2.0244, only break below this level will signal the reversal to the up trend.
Key support at 1.1700 is broken below, USDCHF topped at 1.1784 on 4 hours chart. Further fall below 1.1599 previous low is expected. Near term resistance is at 1.1784, rise above this level will indicate lengthier correction to the down trend.
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