Today’s highlights:
NZDUSD has removed last week’s low at .8311, leaving the immediate bias lower to target .8259/42 – the 50% retracement of the June 2013/July 2014 rally and late February low.
AUDUSD remains bearish for a test of key support at .9243/30.
GBPUSD stays bearish for 1.6365 initially, then our core downside target at 1.6283/52.
EURJPY has surged above 138.04 to complete a near-term base, leaving the immediate risk topside for 138.46/50 next.
USDJPY remains bullish for a challenge of the 105.48/60 highs.
EURUSD trend stays bearish for 1.3104, then our 1.3020/15 target.
USDCHF continues to edge higher and we stay bullish for .9251/72 next.
USDCAD’s immediate risk stays topside towards 1.0998/99.
Read the full report: FX Daily