Today’s highlights:
USDCAD stays bearish for the 38.2% retracement of the 2012/14 rise at 1.0650, where we would look for buying to emerge.
AUDUSD remains bullish for a challenge of the 2014 high at .9463 initially, followed by .9584 next.
NZDUSD continues to hold above price support at .8681, keeping the immediate bias bullish.
GBPUSD remains in a consolidation phase but we look for an eventual break higher towards trend resistance at 1.7105 next.
EURGBP is expected to stage an eventual break below .7961/47 to test our core target at .7800.
EURUSD remains range-bound, but while capped below key
resistance at 1.3689/90, we remain bearish.
USDCHF’s spotlight remains on key support at .8908/11.
Read the full report: FX Daily