EURUSD Analysis.

  EURUSD's uptrend from 1.4177  extends to as high as 1.4599 level. Further rise is still in favor and  next target would be at 1.4650-1.4700 area. Near term support is at  1.4467, as long as this level holds, uptrend will continue. However, a  break below 1.4467 level will indicate that a short term cycle top has  been formed on 4-hour chart, then deeper decline is expected to follow  and target would be at 1.4400 zone.


GBPUSD Analysis.

GBPUSD stays in a rising  price channel on 4-hour chart and remains in sort term uptrend form  1.6113. As long as the channel support holds, we'd expect uptrend to  continue. Key support is now located at 1.6454, below this level will  suggest that a short term cycle top has been formed, then pullback to  1.6250 could be seen to follow.


USDCAD Analysis.

USDCAD is forming a short  term cycle bottom at 1.0673 level on 4-hour chart. Consolidation in a  range between 1.0673 and 1.0900 is expected in a couple of days. Key  support is now located at 1.0632, below this level will indicate that  the downtrend from 1.1723 has resumed.


AUDUSD Analysis.

AUDUSD remains in uptrend  from 0.8239 and the rise extends to as high as 0.8667 level. Further  rally is still possible to 0.8700 zone later today. Near term support  is at 0.8565, as long as this level holds, uptrend will continue. Key  support is now located at 0.8528, below this level will suggest that a  short term cycle top has been formed, then pullback towards 0.8350  could be seen to follow.


USDCHF Analysis.

USDCHF's downtrend from  1.0698 extends further to as low as 1.0383 level. Deeper decline is  still possible to test 1.0366 (Dec 29, 2008 low) support, a break below  this level will signal further fall towards 1.0200 zone. Key resistance  is now located at 1.0488, only rise above this level will indicate that  the downtrend from 1.0698 has completed.


USDJPY Analysis.

USDJPY breaks below 91.73  (July 13 low) support. Further fall is still in favor and next target  is at 91.00 zone. Near term resistance is at the upper border of the  price channel on 4-hour chart, only rise above the channel resistance  will take price back towards 93.00 level.