Today’s highlights:
NZDUSD has completed its expected top, and we look for further weakness to .8362/49.
AUDUSD stages another successful defence of key support at
.9208/02, and the immediate risk shifts higher.
EURUSD’s extension below the 200-day average, now at 1.3641, keeps the immediate risk down to 1.3520.
EURGBP continues to hold trend and price support at .8085/66, but we stay bearish.
GBPUSD below channel and price support at 1.6771/32 sets a top.
EURJPY below its 200-day average at 138.30 should maintain thoughts of a top, and a decline to 136.23.
USDJPY below 101.64/60 would warn of a potential retest of 100.75.
USDCAD is expected to be capped below 1.0910 to cap to see a move down through 1.0813, to 1.0744/31 next.
Read the full report: FX Daily
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