Today’s highlights:
• USDJPY is moribund at our support/target at 93.57/92.57, but we still look for a basing effort here.
• EURJPY has unearthed good buying at our support target at 124.95/44 and we also look for a floor.
• AUDUSD has found selling at .9632/74. Above here is needed to aim at .9793/.9806, but we would expect this to provide a ceiling.
• EURUSD momentum is fading and we allow for a minor dip before pushing on higher in the range to 1.3054/21.
• GBPUSD holds 1.5515/5488 leaving the immediate focus higher on key range resistance at 1.5789/2828.
• USDCHF is overextended, but we allow for one last push lower to test
the bottom end of the broader range at .9051/21.
Read the full report: FX Daily
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