Today’s highlights:
USDCAD has staged a very sharp recovery from support at 1.0907 as expected, and through 1.1125/40 should re-open a retest of 1.1225/34.
AUDUSD below .8907 would curtail basing thoughts for now.
EURUSD bias leans higher to medium-term resistance at 1.3845/93.
USDCHF bias stays lower to the .8800 December 2013 low.
USDJPY has retreated back into its range.
EURJPY still needs to clear 141.22/27 to mark a better base.
GBPUSD’s near-term weakness is seen as corrective and we stay bullish for 1.7044, then 1.7330/32.
EURGBP ideally holds below .8301 for a retest of .8165/55.
Read the full report: FX Daily
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