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 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 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 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 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 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.