Today’s highlights:
• AUDUSD has achieved our .9600/.9575 core target zone, and we continue to look for a correction higher from here prior to the broader downtrend eventually resuming.
• NZDUSD below .8215 though can keep the risk directly bearish for .7925 next.
• USDJPY has held trend support from April, but above 102.57/73 is needed to end the corrective phase.
• EURJPY needs to clear 132.54 to suggest its corrective phase is already over.
• GBPUSD below 1.5191 can keep the immediate risk bearish for the 1.4832 low.
• EURGBP maintains its break above its downtrend and 55-day average, and we look for a deeper recovery.
• USDCHF weakness is seen as corrective ahead of move to .9925/73.
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