AUD/USD movement on hourly chart looks like it is on bearish condition. Today's preference for AUD/USD is bearish if the support at 0.7579 breaks.

GBP/USD

Correction occurs on GBP/USD to the resistance area at 1.4625 – 1.4663. Thus, today’s preference is to look for short position within the resistance area. Of course, you need to get bearish signal confirmation before taking short position with target 1.4602 – 1.4564.

Hourly stochastic is bullish. Be careful if the resistance at 1.4663 breaks, because it will turn intraday bias into bullish and potentially will push pound up to 1.4686 – 1.4723.

GBPUSD
 

EUR/USD

EUR/USD remains in bearish bias in general. Today’s preference is to look for signal to go short.

EUR/USD still has the chance to continue the bearish move if the support at 1.0566 breaks with target at 1.0522 – 1.0509.

As alternative scenario, watch the resistance area at 1.0610 - 1.0637. If pull-back move occurs to within that area, you may look for sell signal confirmation with target at 1.0593 – 1.0566.

However, be careful if the resistance at 1.0637 breaks, because it will turn intraday bias into bullish and possibly will raise euro up to 1.0654 - 1.0681.

EURUSD
 

AUD/USD

AUD/USD movement on hourly chart looks like it is on bearish condition. Today’s preference for AUD/USD is bearish. If the support at 0.7579 breaks, it will open the chance for a bearish move down to 0.7551 – 0.7534.

Stochastic and CCI are showing bullish signal on hourly chart. As alternative scenario, watch resistance area at 0.7637 in order to look for sell signal confirmation with target at 0.7606 – 0.7579. Be careful if the resistance at 0.7637 breaks, because it will turn intraday bias into bullish and open the chance for a bullish move up to 0.7667 – 0.7695.

AUDUSD
 

USDJPY

USDJPY is still in bullish pressure as seen from the trendline formed. The stochastic oscillator and CCI are in the overbought area that provides opportunities for USDJPY to rebound. Note the support level at 120.20 to seek confirmation Buy signal with potential USDJPY will pullback to the range 120.56 - 120.73.

But beware if the support level at 120.20 is successfully broken as this provides an opportunity for USDJPY back down with target at 119.88.

USDJPY 


USDCHF

USD CHF is still in bullish pressure, although the stochastic oscillator and CCI provide opportunities for USDCHF to rebound. Therefore, consider the support level at 0.9769 to seek Buy signal confirmation with potential USDCHF will pullback with target at 0.9835 - 0.9855.

But beware if the support level at 0.9769 is succesfully broken, because it has the potential to hit USDCHF lower with target at 0.9728.

USDCHF