USDCHF is forming a cycle top at 1.0249 on daily chart. As long as the key support at 0.9634 holds, sideways consolidation in a range between 0.9634 and 1.0249 is expected in a couple of weeks. A break of 0.9634 key support will signal the resumption of the down trend, and then deeper decline to 0.9000 area could be seen.

USDJPY formed a cycle bottom at 95.77 level on daily chart. Further rebound to 102.50 area to reach the next cycle top on daily chart is still possible in the next several days. Key support is at 95.77, only break of this level will signal the resumption of the long term down trend.

No changed in our view, AUDUSD is in down trend. Rebound from 0.8953 is treated as correction to the down trend. Deeper decline to retest 0.8512 previous low support is still possible after correction and a break of 0.8953 level will confirm such case.

GBPUSD is in down trend. The rebound from 1.9736 is treated as consolidation to the down trend. Deeper decline to retest 1.9337 previous low support is still possible after consolidation, and a break below 1.9736 level will signal the resumption of the down trend. Near term resistance is now at 2.0193, as long as this resistance holds, we'd expect down trend to resume.

EURUSD is testing the previous high resistance at 1.5902, as long as this resistance holds, the rebound from 1.5342 is treated as correction to the down trend. However, a break of 1.5902 level will signal the resumption of the up trend and further rally to 1.6500 area is expected to follow.

Being contained by the previous high resistance at 1.0378, USDCAD pulls back from 1.0307 level. Sideways consolidation is expected before breaking above 1.0378. Key support is now located at 0.9874, a break of this level will signal the resumption of the down trend.

No changed in our view, USDCHF formed a cycle bottom at 0.9634 level on daily chart. Further rise to test 1.0352 resistance is still possible in the next several days. Key support is at 0.9634, only break down of this level will signal the resumption of the long term down trend.

No changed in our view, USDJPY formed a cycle bottom at 95.77 level on daily chart. Further rebound to test 103.59 resistance is still possible in the next several days. Key support is at 95.77, only break of this level will signal the resumption of the long term down trend.

AUDUSD is in down trend. Rebound from 0.8953 is treated as correction to the down trend. Deeper decline to retest 0.8512 previous low support is still possible after correction and a break of 0.8953 level will confirm such case.

GBPUSD is forming a cycle bottom at 1.9736 on daily chart. Consolidation could be seen before breaking below 1.9736 level. Down trend will resume after consolidation, a break down of 1.9736 will signal the resumption of the down trend, and then further decline to retest 1.9337 previous low support is expected to follow.