Today’s highlights:
AUDUSD has completed a bullish “reversal day” from its 55-day average, and we look for a retest of the June high at .9439.
NZDUSD holds high-level support and we look for a retest of the .8781 high.
USDCAD spotlight stays on the 1.0819/13 lows, beneath which targets more solid support at 1.0779/31.
GBPUSD stays directly bullish for a test of multi-year range resistance at 1.7044/49.
EURGBP remains bearish for an eventual break below .7961/51 to test our core target at .7800.
EURUSD has extended its corrective backup, but while capped below 1.3689/90 our bias remain bearish.
USDJPY has reverted back into its range.
EURJPY ideally stays capped by the 200-day average and 50% retracement of the recent decline at 138.90.
Read the full report: FX Daily