Being supported by the rising trend line from 91.73 to 93.09, USDJPY rebounds from 94.49 level, suggesting that the pair remains in short term uptrend. Further rise to 96.00-96.50 is still possible. Near term support is at 94.49, and key support is at 94.01, below this level will indicate that the uptrend from 91.73 has completed at 95.88 level already, then the fallowing downtrend will take price back to re-test 91.73 previous low support.
AUDUSD remains in short term uptrend from 0.8124. Further rally to 0.8600 is still possible in a couple of days. Initial support is now at 0.8380 followed by 0.8340, as long as these levels hold, uptrend will continue.
USDCAD breaks below 1.0749 support, suggesting that the downtrend from 1.1723 has resumed. Deeper decline is now in favor and next target would be at 1.0500. Initial resistance is at 1.0695 followed by 1.0730, as long as 1.0730 resistance holds, the short term downtrend from 1.0933 will continue.
GBPUSD’s uptrend from 1.6339 extends sharply to as high as 1.7001 level. Further rally is still in favor and next target would be at 1.7200 zone. Initial support is at 1.6870 followed by 1.6775, as long as these levels hold, uptrend will continue.
EURUSD breaks above 1.4338 previous high resistance, suggesting that the uptrend from 1.2456 (Mar 4 low) has resumed. Further rise is now in favor and next short term target is at 1.4500. Near term support is at 1.4360 followed by 1.4300, as long as these levels hold, we would expect the short term uptrend from 1.4007 to continue.
USDCHF breaks below 1.0590 previous low support, suggesting that the downtrend from 1.1963 has resumed. Deep decline is now in favor and next short term target would be at 1.0500 level. Near term resistance is at 1.0670, as long as this level holds, the short term downtrend from 1.0933 will continue.