Technical Analysis

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EUR/USD
Previous Day Range High: 1.1821 Low: 1.1749 Close: 1.1770
Technical Chart Resistance
R-2: 1.1852
R-1: 1.1811
Support
S-1: 1.1739
S-2: 1.1708
Forecast
High: 1.1811
Low: 1.1739
EUR/USD’s fall from 1.1908 resumes by breaking 1.1769 and intraday bias is back on the downside for 1.1663 low first. Break there will resume the fall from 1.2265, as well as the pattern from 1.2348. Next target is 1.1602 key support level. On the upside, above 1.1845 minor resistance will turn bias back to the upside for 1.1908 resistance instead.
USD/JPY
Previous Day Range High: 109.83 Low: 109.18 Close: 109.71
Technical Chart Resistance
R-2: 110.22
R-1: 109.97
Support
S-1: 109.32
S-2: 108.92
Forecast
High: 109.97
Low: 109.32
Intraday bias in USD/JPY remains neutral as it defended 109.10 support and rebounded. But upside is held well below 110.44 resistance so far. On the downside, break of 109.10 will argue that larger fall from 111.65 is resuming. Deeper decline should then be seen to 108.71 support first, and then 38.2% retracement of 102.58 to 111.65 at 108.18 next. On the upside, above 110.44 will turn bias back to the upside for 110.79, and then 111.65 high instead.
GBP/USD
Previous Day Range High: 1.3853 Low: 1.3763 Close: 1.3796
Technical Chart Resistance 
R-2: 1.3894
R-1: 1.3845
Support
S-1: 1.3755
S-2: 1.3714
Forecast
High: 1.3845
Low: 1.3755
GBP/USD is still staying in range and intraday bias remains neutral first. On the upside, break of 1.3912 will target 1.3982 resistance next. Decisive break there will indicate that fall from 1.4248 has completed. Stronger rally would then be seen back to 1.4248 high. On the downside, however, break of 1.3725 support will turn bias back to the downside for retesting 1.3570/3601 support zone instead.
USD/CHF
Previous Day Range High: 0.9272 Low:0.9188 Close: 0.9268
Technical Chart Resistance
R-2: 0.9327
R-1: 0.9297
Support
S-1: 0.9213
S-2: 0.9159
Forecast
High: 0.9297
Low: 0.9213
Intraday bias in USD/CHF is back on the upside with break of 0.9241 resistance. Focus is now on 0.9273, and firm break there will resume whole rise from 0.8925 for 0.9471 key resistance next. On the downside, however, break of 0.9162 support will turn bias neutral and mix up the near-term outlook again.
AUD/USD
Previous Day Range High: 0.7348 Low: 0.7269 Close: 0.7293
Technical Chart Resistance
R-2: 0.7382
R-1: 0.7338
Support
S-1: 0.7259
S-2: 0.7224
Forecast
High: 0.7338
Low: 0.7259
AUD/USD could still gyrate lower as decline from 0.7477 is extending. But still, another rise is in favor as long as 0.7279 minor support holds. Whole corrective pattern from 0.8006 might have completed at 0.7105 already. On the upside, above 0.7409 minor resistance will turn bias to the upside for 0.7477 and then 0.7530 support turned resistance. However, break of 0.7279 will dampen our bullish view and turn bias back to the downside for retesting 0.7105 low instead.
USD/CAD
Previous Day Range High: 1.2700 Low: 1.2612 Close: 1.2681
Technical Chart Resistance
R-2: 1.2752
R-1: 1.2717
Support
S-1: 1.2629
S-2: 1.2576
Forecast
High: 1.2717                                    Low : 1.2629 
Outlook in USD/CAD remains unchanged and intraday bias stays neutral first. Rise from 1.2005 is in progress with 1.2421 support intact. On the upside, break of 1.2760 will target a test on 1.2947 high. However, break of 1.2492 will resume the fall from 1.2947 to 1.2421 key structural support.