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 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 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 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 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.
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.