Elliott wave and technical analysis on EUR/USD; EUR/JPY; USD/CAD; AUD/USD; NZD/USD and Apple

EUR/USD - We most likely saw a minor impulsive decline from 132.82 to 131.77 as minor wave i and are now towards the end of minor wave ii. I will expect to see minor wave ii end in the 132.43 - 132.56 area. A break below 132.12 will confirm that minor wave ii is done and a new challenge of important support at 131.71 should be seen. Any break below 131.71 will confirm that the entire rally in wave 2 from 130.02 is over and that downside pressure will build.

EUR/JPY - Topped out just below strong resistance at 111.52 (the high set was 111.43). The decline from 111.43 to 109.86 does look impulsive, but we need a break below 109.15 to confirm a deeper decline towards the 105.62 - 105.92 area as the first corrective target.

USD/CAD - Seems to be ready to challenge the resistance-line near 99.70 and a break here will ease the downside pressure and call for a push towards the neck-line resistance near 106.00.

However resistance at 99.70 is the first key to unlock the rally.

AUD/USD - Is close to test important support at 103.20 a break below this support will enforce the downside pressure and call for a continuation deeper towards 96.60 area.

NZD/USD - Has already broke below it's support-line and is leading the way down. A break below support at 80.56 will open for a deeper decline towards 78.35 and more likely to as deep as the 74.50 - 75.00 area.

Apple - Just keeps heading higher, but if my counts above is correct we most likely is close to a top, which will call for a correction to as deep as the 490 - 500 area, before one last push higher towards 625. However I think it would be prudent to protect one self with a stop just below 575 and take profit on at least half of your position. Keep stop on the rest just below 486 if my count turns out to be wrong and we have already seen the top of wave 5 of [3] at 609.65.