USD/CAD: The long-term bias on the USD/CAD is bearish, but there is currently a threat to the bearish outlook. The price should not go above the resistance line of 1.0200, if the present bearish would continue to be valid. Meanwhile, the price could reach the support line of 1.0000 in due course. The EMAs 11 and 56, and the RSI support the current possible downward move.
AUD/USD: There is a ‘sell’ signal on this pair (according to the positions of the indicators and the price action). In this month, any occasional bullish rallies should not take the price above the resistance level of 1.0400 – a worst case scenario for the bears. If the downward trend continue, the price could nosedive towards the great support level of 1.0000.
NZD/USD: Recently, the NZDUSD was stronger than its AUD/USD counterpart, but right now the bears are struggling to pull down this pair. This has given rise to an unclear signal on the chart, and therefore one would be wise to wait for a clearer signal. One thing that should be said is that it is more probable for the price to move upwards towards the distribution territory of 0.8650.
EUR/GBP: The signal for this cross is bearish and the price is under pressure to move towards the demand level at 0.8400. This demand level has been tested recently, and could be tested once again. It can be seen that, historically, any bullish attempts have been accompanied further bearish pulls. Should the demand level at 0.8400 be breached to the downside, the price would fall further.
GBP/JPY: Since the beginning of April 2013, this instrument has risen upward seriously. It has risen by roughly 1200 pips, and it is approaching some significant supply zone. In my opinion, this instrument would not be able to journey upwards very far (not going beyond the supply zone of 154.00 at most). The ultimate target for this month could then be the demand zone of 146.00.