Today’s highlights:
– USDCHF is breaking above key resistance at .9395/97 to establish its expected base, and we stay bullish for .9520/35, then .9647.
– EURUSD has bounced from its 200-day average at 1.3147, but we look for 1.3254/59 to ideally cap to keep the trend lower to 1.3021.
– USDJPY maintains the break from its bullish “triangle” pattern, and we stay bullish for 101.54/61, then 103.10/74.
– EURGBP extends its collapse to medium-term support at .8420/.8398.
– GBPUSD strength looks to have scope to extend to the 1.5707/52 range highs, but we look for a fresh top here.
– AUDUSD still has scope for a deeper recovery to .9234/.9280, which look to try and cap.
Read the full report: FX Daily
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