Today’s highlights:
EURUSD spotlight stays on the key 1.3477 low. Capitulation below here remains needed to confirm a large bear “wedge”.
EURJPY strength remains corrective and we stay bearish for the 136.23 low.
EURGBP trend stays lower and we look for a break below .7886 to target channel support at .7861, ahead of our .7800 core target.
GBPUSD correction extends, but the medium-term trend stays higher.
USDCAD remains capped by trendline resistance at 1.0772/95.
AUDUSD only sees a top below .9330/22.
NZDUSD stays bearish for a retest of key support at .8651/42, below which could see a move towards .8536/21.
Read the full report: FX Daily