FOREX TECHNICAL LEVELS

USDCHF pulled back from Friday's 1.2625 new trend high, but would have to knock out the 1.2434 reaction low from last Thursday to offset overall bullish pressures. Keep in mind that there's little resistance above 1.2625 till 1.2764, the .618 retracement of the 1.3287-1.1919 decline.

GBPUSD recent setback from Thursday's 1.8920 resistance has so far stalled in front of the 1.8710 small reaction low from last Tuesday. Only a break there would open the door toward the 1.8601 Sep 11 low.

USDJPY has solid support at 117.26, and as long as it holds, we must consider the short-term bull trend intact. Above the current 118.30 trend high and 118.50 trendline barrier, the next resistance is the 118.90 Apr 11 reaction high.

USDCAD maintain its weeklong 1.1238 to 1.1119 trading range on Monday. Look for a breakout from this band to establish a trend.

AUDUSD is hovering below resistance from last Thursday's 0.7572 high. Nearby is the 38.2% retracement of the 0.7722-0.7482 decline. Only a move above this area would shift trend focus from support at the Sep 12 0.7482 low, followed by 0.7442, the .618 retracement of the 0.7269-0.7722 rise.