Today’s highlights:
– AUDUSD’s break beneath 1.0245/03 exposes key range support at 1.0115/00. Capitulation below here would confirm a major top for .9980/69, and eventually .9585/75.
– NZDUSD has fallen sharply for a test of key support at .8361/51, below which would see a top complete.
– GBPUSD continues to find selling at 50% retracement and channel resistance at 1.5606/54. Beneath 1.5418 would confirm a top for 1.5336/28.
– EURGBP’s inability to remove trend support at .8400/.8385 warns that downside momentum is deteriorating, but through .8497/98 is needed for a base, and negate thoughts of a top.
– USDCHF stays on course to the top end of the converging range at .9483/.9501.
Click here to read the full report: FX Daily
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