Today’s highlights:
EURUSD confirms a bearish “wedge” and we look for further weakness to 1.3374 initially, then 1.3248.
USDCHF spotlight remains on the key .9038 high, above which can target 38.2% retracement of the 2013/2014 fall at .9135.
GBPUSD’s correction extends leaving immediate focus on support at 1.7008/01.
EURGBP stays bearish for channel support at .7858, our .7800 long-held target.
NZDUSD has broken below key support at .8651/42 and we look for weakness to extend towards .8480.
AUDUSD’s risk stays topside for the 2014 high at .9506.
USDCAD remains capped by downtrend resistance at 1.0760/95, but needs to break 1.0707 to see a small top.
Read the full report: FX Daily