Today’s highlights:
• EURUSD above 1.3418 allows a push up to 1.3504/21, but with a DeMark countdown nearing completion, we would look for selling here again.
• USDCHF capitulation beneath .9183/75 keeps the immediate risk lower to the .9130 spike low.
• AUDUSD continues to find a near-term cap at the falling 55-day average at .9208, and we stay bearish.
• NZDUSD has rejected key resistance at .8165/80, and below .7934/28 should mark a more conclusive failure.
• GBPUSD continues to grind higher towards the 1.5752/82 barrier, where we would look for a fresh topping effort.
• USDJPY remains capped by the falling 55-day average at 99.24.
Read the full report: FX Daily
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