Today’s highlights:
USDJPY ideally holds above price support at 101.78/70 to keep the immediate risk higher.
AUDUSD has formed a bearish “engulfing” candlestick and we look for weakness towards key “neckline” and price support at .9232/02.
USDCAD is vulnerable to a near-term corrective dip, but we stay bullish for 1.1054 next, then 1.1280.
EURUSD’s trend stays directly lower to 1.3295 next then 1.3248/28.
GBPUSD’s correction remains in force while capped below 1.6944/1.7003.
EURGBP stays in a downtrend for channel support at .7835 next.
USDCHF spotlight stays on trendline and 38.2% retracement resistance at .9128/35, which we look to cap at first.
Read the full report: FX Daily