Today’s highlights:
USDCAD continues to fall sharply after completing a bearish continuation pattern and we target the 38.2% retracement of the 2012/14 rise at 1.0650, where we would look for buying to emerge.
AUDUSD has completed a bullish continuation pattern for further strength towards .9463 next, then .9584.
NZDUSD is expected to see a break above its .8781 May high, for strength to the 2011 high at .8845.
GBPUSD is expected to see an eventual clear break above 1.7044/49, for our 1.7332 target.
EURGBP stays bearish below .7961/47 to test our core target at .7800.
EURUSD has settled into a near-term range. However, while capped below the 1.3689/90, we remain bearish.
USDCHF has held key range support at .8910/08 for now.
Read the full report: FX Daily