GBPUSD Analysis.

Being contained by the upper  border of the falling price channel on 4-hour chart, GBPUSD pulls back  from 1.6441 level, suggesting that a short term cycle top is being  formed. Key support is now located at 1.6286, a break below this level  will confirm the cycle top and indicate that the fall from 1.6441 is  resumption of downtrend from 1.7042, then deeper decline could be seen  to re-test 1.6113 previous low support.

USDCAD Analysis.

After breaking below 1.0966  level, USDCAD dropped sharply to as low as 1.0740 level. Small  consolidation is expected before breaking below 1.0718 previous low  support. Near term resistance is at 1.0850, as long as this level  holds, we'd expect downtrend from 1.1101 to continue and deeper decline  could be seen to test 1.0632 key support.

AUDUSD Analysis.

AUDUSD remains in uptrend  from 0.8239, further rise is still possible to 0.8700 zone in a couple  of days. Near term support is at 0.8500 followed by 0.8450, as long as  these levels hold, we would expect uptrend to continue.

EURUSD Analysis.

EURUSD consolidated in a  trading range between 1.4177 and 1.4405 for several days. Further rise  to test 1.4405 would more likely be seen later today, a break above  this level will indicate that the uptrend from 1.3748 (June 16 low) has  resumed, then next short term target would be at 1.4550-1.4600 area.  Near term support is at 1.4177, only fall below this level will take  price to 1.4050-1.4100 area.

USDCHF Analysis.

USDCHF stays in a trading  range between 1.0530 and 1.0714. As long as 1.0714 resistance holds,  we'd expect downtrend from 1.0883 to continue and deeper decline to  1.0450-1.0500 area is possible. However, above 1.7014 will indicate  that the downtrend from 1.0883 has completed at 1.0530 level already,  then the following uptrend will take price towards 1.1000 zone.

USDJPY Analysis.

Being contained by 93.42  resistance, USDJPY pulls back from 93.29 level, suggesting that a short  term cycle top is being formed on 4-hour chart. Further fall is  expected to test 91.94 previous low support, a break down below this  level will indicate that the downtrend from 97.78 has resumed, then  next target would be at 89.00-90.00 area. Only rise above 93.29 level  will signal further rise to 93.60 zone.