Today’s highlights:
– NZDUSD above .8512 turns the focus back to the .8678/85 highs.
– AUDUSD has held retracement support at 1.0214/03 and staged a near-term bounce. We allow for this to extend further to 1.0358/60, but expect a ceiling at 1.0398/0404.
– USDCHF has rallied to downtrend and retracement resistance at .9491/.9504, which we look to cap at first.
– GBPUSD has held channel support and a minor base warns of a potential recovery back to 1.5413/23.
– USDJPY remains poised at key resistance at 99.86/100.00. A break above here can see the uptrend extend to 101.27/103.10 next.
– EURUSD has seen some stability above the 200-day average, but while 1.3123/28 caps, the risk stay lower in the range.
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