Today’s highlights:
USDCAD approaches the 1.0854 2010 peak. We allow for an initial hold here, but expect an eventual break higher to confirm a much larger base, for 1.1234.
EURGBP’s break below .8253 signals the next bear leg down to our core target at .8165/55.
GBPUSD continues to find a short-term floor at potential trendline and 38.2% retracement support at 1.6340/18, and we stay bullish.
EURUSD breaks trend support and with a top in place we stay bearish for 1.3528/23 next, then 1.3458.
USDCHF bias stays higher through .9102/12 to .9190/.9026.
AUDUSD below .8821 would turn the trend lower again for medium-term channel support at .8726.
Read the full report: FX Daily
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