USDCAD Analysis.

Being contained by 1.1124  previous high resistance, USDCAD pulled back from 1.1101 level.  Sideways consolidation below 1.1124 would more likely be seen before  breaking above this level. Near term support is located at 1.0966  followed by the rising trend line on 4-hour chart now at 1.0900, as  long as the trend line support holds, we'd expect uptrend to resume and  a break above 1.1124 resistance will signal further rally towards  1.1400 zone.

AUDUSD Analysis.

AUDUSD formed a short term  cycle bottom at 0.8239 level on 4-hour chart. Range trading between  0.8238 and 0.8477 is expected in a couple of days. Key support is at  0.8238, a break below this level will indicate that the uptrend from  0.7703 has completed, then pullback towards 0.7900 could be seen to  follow. However, above 0.8477 will suggest that the uptrend from 0.7703  has resumed, and then further rise is expected to 0.8600 zone.

USDJPY Analysis.

USDJPY stays below the  falling trend line on 4-hour chart and remains in downtrend from 95.05.  The rebound from 91.94 is more likely consolidation of downtrend. As  long as the trend line resistance holds, we'd expect downtrend to  continue. However, a clear break above the trend line resistance will  suggest that a short term cycle bottom is being formed, then lengthier  consolidation in a range between 91.94 and 93.42 could be seen to  follow.

GBPUSD Analysis.

GBPUSD breaks above the  falling trend line on 4-hour chart, suggesting that a short term cycle  bottom has been formed. Further rise to 1.6450-1.6500 area to reach the  next cycle top is possible in a couple of days. Key resistance is at  1.6623, only break above this level will indicate that the downtrend  from 1.7042 has completed at 1.6113 level already.

EURUSD Analysis.

EURUSD continues to move  sideways between 1.4177 and 1.4405. 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.

USDCHF Analysis.

USDCHF stays in a trading  range between 1.0530 and 1.0714. 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.