Today’s highlights:
– DXY $ Index has resolved its one-year range higher for a more broadbased USD rally. We target the 84.10 high of 2012 initially, then 85.28.
– NZDUSD has tested and held pivotal support at .8168/62 for now, but an eventual break is looked for, to complete a major top.
– AUDUSD below .9865 can target .9804 next, and eventually our .9585/75 main target.
– USDCHF nears our .9770 target, which we look to cap at first.
– EURUSD stays bearish for 1.2771/46, with the growing threat of a large “head & shoulders” top.
– GBPUSD stays bearish for 1.5128, then 1.5052/27.
– USDJPY has achieved our 102.40/103.10 target – 38.2% of the entire 1998/2011 bear trend – and we look for this to cap at first.
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