AUDUSD Analysis.

  Being contained by 0.8477  previous high resistance, AUDUSD pulled back from 0.8470 level.  Sideways consolidation in a range between 0.8300 and 0.8470 would more  likely be seen before breaking above 0.8477 level and another fall  towards 0.8300 is expected later today. However a break of 0.8477 will  suggest that the uptrend from 0.7703 has resumed, then the next target  would be at 0.8600-0.8700 area.


GBPUSD Analysis.

GBPUSD formed a short term  cycle bottom at 1.6153 level on 4-hour chart. Range trading between   1.6153 and 1.6500 is expected in a couple of days. However the price  action from 1.6153 is treated as consolidation of downtrend from  1.7042, further fall towards 1.6000 is still possible after  consolidation, and a break below 1.6153 will signal resumption of  downtrend.


EURUSD Analysis.

EURUSD is now in short term  uptrend from 1.4045. Further rise to test 1.4447 is still in favor, and  a break above this level will suggest that the uptrend from 1.3748  (June 16 low) has resumed, then next target could be at 1.4600-1.4700  area. Key support is at 1.4200, only fall below this level will take  price back to 1.4100 zone.


USDCAD Analysis.

USDCAD broke above 1.1019.  suggesting that the uptrend from 1.0718 has resumed. Further rise to  test 1.1124 is possible in a couple of days, a break above this level  will take price to 1.1400 zone. Near term support is at the rising  trend line from 1.0718 to 1.0791, as long as the trend line support  holds, we'd expect uptrend to continue.


USDJPY Analysis.

USDJPY remains in short term  downtrend from 95.05. Further fall is still in favor and next target  would be at 92.00 zone. Near term resistance is at the upper border of  the price channel on 4-hour chart, as long as the channel resistance  holds, downtrend will continue.


USDCHF Analysis.

No changed in our view,  USDCHF remains in short term downtrend from 1.0883. Near term  resistance is located at the falling trend line on 4-hour chart now at  1.0663, as long as the trend line resistance holds, we'd expect the  downtrend to continue. Key resistance is at 1.0714, above this level  will indicate that the downtrend from 1.0883 has completed, then  rebound towards 1.1000 could be seen to follow.