Today’s highlights:
GBPUSD’s break of key near-term support at 1.7095/85 sets a minor top, which should allow a deeper setback to 1.7008/1.6998.
EURGBP strength though ideally stays capped by accelerated moving average resistance at .7982/90.
EURUSD remains range-bound, but our bias stays bearish to test key “neckline” support at 1.3513/03.
USDCAD above 1.0753/65 should open up further strength to 200-day average/“neckline” resistance at 1.0811/38.
AUDUSD continues to hold key support at .9322, and only below here would see a top.
EURJPY ideally stays capped below 138.78/93 to keep the immediate risk lower.
USDJPY stays rangebound.
Read the full report: FX Daily