AUDUSD Analysis.
AUDUSD is bottoming at 0.7722 level on 4-hour chart. Range trading between 0.7722 and 0.7950 would more likely be seen in a couple of days, and a break above 0.7950 will confirm the cycle bottom and suggest that the downtrend from 0.8155 has completed. Near term support is at 0.7722, only fall below this level will signal resumption of downtrend.

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EURUSD Analysis.
EURUSD breaks above 1.4050 key resistance, suggesting that a short term cycle bottom has been formed at 1.3832 level. Now the rebound from 1.3832 is treated as correction of downtrend from 1.4197, further rally could be seen to 1.4100-1.4150 area in a couple of days, and resistance at 1.4197 would more likely be held.

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USDCAD Analysis.
No changed in our view, USDCAD stays in the rising price channel on 4-hour chart and remains in uptrend from 1.0784. Further rally is still possible to 1.1750-1.1800 area in a couple of days. Near term support is at 1.1543 and key support is at 1.1418, only fall below this level will indicate that the uptrend from 1.0784 has completed.

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USDJPY Analysis.
USDJPY is in short term downtrend from 96.97. The rise from 91.80 is treated as consolidation of downtrend. Range trading between 91.80 and 93.59 is expected later today. Near term resistance is at 93.59, above this level will signal further rally to 94.00 zone.

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GBPUSD Analysis.
GBPUSD breaks above 1.6294 key resistance, suggesting that a short term cycle bottom has been formed at 1.5984 level on 4-hour chart and the downtrend from 1.6743 has completed. Further rally is possible to 1.6500 zone.

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USDCHF Analysis.
USDCHF stayed in the trading range between 1.0712 and 1.1021 for several days. Fall to test 1.0712 support is possible alter today, below this level will signal deeper decline to 1.0650 zone. Near term resistance is now at 1.0825 followed by 1.0850, above these levels will take price to 1.0900-1.0950 area.

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