Today’s highlights:
USDCHF above the key .9038 high reinforces the base, and opens up a move to the 38.2% retracement barrier at .9135.
EURUSD reinforces its bearish “wedge” and “head & shoulders” top for 1.3374 initially, then 1.3248.
USDCAD’s break above 1.0795 sees the recovery resume for a test of “neckline” and 200-day average resistance at 1.0828/45.
NZDUSD stays bearish for .8453/43.
AUDUSD has been capped by trendline resistance at .9479, but below .9322 remains needed to complete a top.
GBPUSD risk is seen lower to support at 1.6953/42.
EURJPY stays bearish and focused on the 136.23 low for the year. Beneath here would see a larger top established.
USDJPY strength is expected to extend to 102.08, then 102.28.
Read the full report: FX Daily