Key support at 0.7626 is broken below, AUDUSD will fall towards 0.7550 to reach the next cycle bottom. If 0.7550 support gives way, further fall towards 0.7400 area is possible in the next one or two weeks.
EURUSD
EURUSD fell below the support at 0.2725, further fall towards 1.2650 area to reach the next cycle bottom is possible in the next several days. Key resistance is now at 1.2830, break above this level may signal the cycle bottom.
USDCAD
USDCAD rebound from the support at 1.1030. It is forming a sideways consolidation on 4 hours chart. Key resistance is at 1.1137, a break above this level may signal the cycle bottom at 1.1030. On the other side, if near term support at 1.1030 gives way, the pair would fall towards 1.0950.
GBPUSD
GBPUSD fall below the key support at 1.8793, further fall towards 1.8600 area to reach the next cycle bottom is still possible in the next several days. Key resistance is at 1.8955, only break above this level may signal the reversal to the down trend.
USDJPY
USDJPY stay in the rising price channel. Further rise above 117.49 is possible in the next several days. Key support is at 115.57, as long as this support holds, up trend will continue.
USDCHF
USDCHF rose above 1.2444. Further rise towards 1.2500 area is still possible later today. Key support is at 1.2326, only break below this level may signal the reversal to the up trend.
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ForexCycle.com
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