Today’s highlights:
NZDUSD has broken below key support at .8458/43 and we stay bearish for a challenge of .8402. Below here would complete a larger top towards .8259/42.
AUDUSD stays bearish for a retest of trendline support at .9275/58.
USDCAD’s break above 1.0949/62 begins to turn the core trend higher again for 1.1054 next, then 1.1280.
EURUSD’s break below 1.3374/67 reinforces the existing “head & shoulders” top/bear “Wedge” and we stay directly bearish to 1.3295 next then 1.3248/28.
EURGBP has found a cap at the falling 55-day average at .7999 and the core trend remains lower to our core target at .7800/.7755.
USDCHF’s rebound up through .9108 keeps the immediate focus higher on the .9135 38.2% retracement barrier.
Read the full report: FX Daily