Today’s highlights:
USDCAD surges higher again to keep the uptrend firmly in place for our 1.1234 first core objective.
EURGBP plunges lower to test our core target at .8165/55. We allow for a bounce here, but beneath would aim at .8085 next.
GBPUSD spotlight turns to the 1.6605/19 peaks. Above here is needed to see the trend turn higher again to 1.6748.
EURUSD holds below trendline resistance at 1.3590 to keep the trend directly lower to 1.3458 then 1.3356/24.
AUDUSD has been capped by the falling 21-day average at .8898 to leave the risks lower to channel support at .8715 next with our core target at .8675/74.
USDJPY is expected to break above 104.94 to set a base and open up a tests of more important resistance at 105.30/60.
Read the full report: FX Daily
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