Today’s highlights:
EURUSD has found a near-term floor at the 50% retracement barrier at 1.3374, but we look for “neckline” resistance at 1.3503/13 to cap to keep the trend lower.
GBPUSD maintains a top and our focus stays lower on better support at 1.6998/93, where we look for the medium-term uptrend to resume.
EURGBP needs a clear break above .7982 to set a better base.
USDCHF weakness stays seen as corrective ahead of a move to .9135.
USDCAD’s focus remains on key resistance at 1.0949/62.
USDJPY ideally holds above 200-day average and 38.2% retracement support at 102.32/21 to keep the immediate risk higher.
AUDUSD ideally stays capped below the “neckline” to the top and 55-day average at .9337/58.
NZDUSD stays bearish for a test of the 200-day average at .8457/43.
Read the full report: FX Daily