Today’s highlights:
AUDUSD holds above its 13-day average, leaving the recovery intact to .9334/38 next, ahead of our basing objective at .9410/.9510.
NZDUSD needs to see a clear break above .8641 to re-open a test of the .8701/02 highs.
USDCAD risks stay lower, with a break below 1.0957/54 exposing the more important February 1.0906 low.
EURUSD has bounced, but while capped below 1.3808/21 the risks are still seen broadly to the downside.
GBPUSD has found good support again ahead of trendline support, now at 1.6540.
EURGBP stay bearish through the .8245 low to .8203/.8190, beneath which again targets key support at .8165/55.
USDJPY needs to hold 102.79/63 to maintain thoughts of a base in the broader sideways range.
EURJPY ideally holds above 139.96 to maintain an upward bias.
Read the full report: FX Daily
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