Today’s highlights:
• USDCHF stays on course for a test of key resistance at .9380/95, above which is needed to mark a more important base.
• USDJPY has achieved the target from its base, but stays bullish for downtrend and price resistance at 99.74/97 next.
• EURJPY’s rebound extends leaving the bias higher to 131.98, then the top end of the range at 132.37/75.
• EURUSD focus turns to 1.3190 beneath which is needed to set a better top for 1.3109 initially.
• AUDUSD below .9086/79 begins to set a top for .9007/.8974, then .8919.
• NZDUSD’s is expected to break .7932/19 to reinforce an existing top for 7844/27, beneath which exposes the range lows at .7693/51.
• GBPUSD maintains a top for 1.5393/90. Below here is needed to trigger a deeper setback to test trendline support at 1.5237/06.
Read the full report: FX Daily
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