Today’s highlights:
• AUDUSD has collapsed below .9528 and we stay bearish for key price support at .9407/.9388, which we look to hold at first.
• NZDUSD has removed our .7923/12 initial target and we stay bearish for .7808, then .7655.
• GBPUSD’s breakout above 1.5379/89 allows a more sustained recovery in the range to 1.5480 with major resistance at 1.5606/08.
• EURUSD’s extension through former trendline resistance at 1.3055 leaves the risks higher in the range to 1.3228/43.
• USDCHF remains under downside risks to better support at .9328/25, where we would look for a base.
• USDJPY spotlight stays key trend channel, 55-day average and price support at 98.86/56.
• EURJPY’s remains immediately biased lower to the 55-day MA at 128.30/21 with risk to more important trendline and price props at 127.38/05.
Read the full report: FX Daily
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