Today’s highlights:
– EURGBP maintains a top beneath .8398 and we stay bearish for .8285 next, then .8165/55.
– GBPUSD’s rally extends for accelerated channel resistance at 1.6044/55, where we would expect selling to resurface.
– EURUSD focus stays on the top end of the current range at 1.3418/52, and with a daily DeMark 13 sell in place look for this to try and cap.
– AUDUSD bias stays higher to test 38.2% retracement resistance at .9511 next.
– NZDUSD’s prod through .8164/83 hints at better base.
– USDJPY has reverted to trendline props at 98.17, which has again provided support.
– USDCHF remains under pressure in the range to .9147/30 where we would look for a renewed basing effort.
Read the full report: FX Daily
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