FX Daily Majors

Today’s highlights:
* EURUSD has extended its collapse to pivotal support at 1.3473/21, which we look to hold for now. Failure would mark a more important top.
* GBPUSD below 1.5894 would complete a bearish “double top”.
* USDCHF above .9179 would see a base established.
* AUDUSD has achieved our .9427 target – the 38.2% retracement of the August/October rally – where we still look for a base.
* NZDUSD is still expected to base at solid support at .8182/64.
* USDJPY has completed a bullish “outside range” day, and we look for a break above 99.01, to target 99.67/99.
* EURJPY continues to hold its rising 55-day average at 132.60.

Read the full report: FX Daily

 

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