AUDUSD Analysis.

Being supported by 0.8238,  AUDUSD rebounded from 0.8239 level. Consolidation in a range between  0.8238 and 0.8400 would more likely be seen in a couple of days. As  long as 0.8477 level holds, another fall to test 0.8155 support is  expected after consolidation, a break below this level will suggest  that the uptrend from 0.7703 has completed at 0.8477 level already,  then the following downtrend will take price back to 0.7900 zone. Key  resistance is at 0.8477, above this level will indicate that the  uptrend from 0.7703 has resumed, then next target would be at  0.8600-0.8700 area.


USDJPY Analysis.

As expected, USDJPY drops to  as low as 91.94 level. Near term resistance remains at the upper border  of the falling price channel on 4-hour chart, as long as the channel  resistance holds, downtrend will continue, and next target is to test  91.73 (July 13 low) support. Key resistance is now located at 93.42,  only rise above this level will indicate that the downtrend from 95.05  has completed.


GBPUSD Analysis.

GBPUSD is testing the  resistance of the falling trend line on 4-hour chart. As long as the  trend line resistance holds, we'd expect downtrend to continue.  However, a clear break above the trend line resistance will indicate  that the downtrend from 1.6623 has completed and further rise to 1.6460  zone could be seen to follow.


EURUSD Analysis.

After breaking below 1.4207  support, EURUSD rebounded from 1.4177 level. Consolidation in a range  between 1.4177 and 1.4330 is possible in a couple of days. As long as  1.4405 resistance holds, we'd expect downtrend to resume and another  fall towards 1.4045 previous low would more likely be seen. However,  above 1.4405 will indicate that the uptrend from 1.3748 (June 16 low)  has resumed, then further rise towards 1.4600 could be seen to follow.


USDCAD Analysis.

USDCAD is moving higher to  test 1.1124 resistance. Consolidation would more likely be seen before  breaking above this level, and pullback to 1.0950 is possible later  today. Near term support remains at the rising trend line from 1.0718  to 1.0791 now at 1.0880, as long as the trend line support holds, we'd  expect uptrend from 1.0418 to continue.


USDCHF Analysis.

USDCHF failed to test 1.0714  key resistance and pulled back from 1.0704 level. Range trading between  1.0530 and 1.0714 is expected in a couple of days. As long as 1.0714  resistance holds, we'd expect downtrend 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.