Today’s highlights:
AUDUSD has fallen sharply overnight and we continue to look for a topping process following the move to our .9410/.9510 target.
NZDUSD spotlight stays on “neckline” support at .8535/14, but with a break below here needed to confirm a top.
USDCAD’s rebound extends, but above 1.1071/79 is still needed to establish a better base.
GBPUSD spotlight stays on the 1.6843 high. Above here would see further strength to 1.6875 next, then the 1.7044 peak.
EURGBP risk stays lower to retest pivotal support at .8165/55.
EURUSD spotlight stays on the 55-day average at 1.3778.
USDJPY maintains a small base leaving the immediate risks higher in the range to 103.05/06 next, with scope to 103.82/96.
Read the full report: FX Daily
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