Today’s highlights:
EURUSD is still vulnerable to further corrective strength, but we ideally look for “neckline” resistance at 1.3503/13 to cap.
GBPUSD is at risk to a near-term bounce, ahead of a fresh decline to what should be better support at 1.6998/93.
USDCHF remains under near-term corrective pressure, but the broader recovery stays intact.
USDCAD is expected to hold below key resistance at 1.0949/62 for now, but we stay broadly bullish and expect an eventual break higher.
USDJPY risk can stay higher while holding above 102.32/23.
AUDUSD’s near-term strength ideally stays capped below the 55-day average at .9360.
NZDUSD continues to hold 200-day average support at .8458.
Read the full report: FX Daily