Today’s highlights:
AUDUSD falls sharply to retest key support at .9244/38, below which should finally confirm the long-looked for top.
USDCAD surges higher and we stay bullish for 1.1027/54 next. Above here should see a move back to the 1.1280 high.
NZDUSD stays bearish for our .8125/20 target.
GBPUSD maintains Monday’s bear gap to leave the trend directly lower to the 50% retracement of the 2013/14 rise at 1.6002/00 next.
EURGBP spotlight stays on .8034/39, above which would complete an important base.
EURUSD stays directly bearish for our 1.2787/55 target.
USDJPY has surged higher to confirm a significant bull phase and we target 107.40 next, then 110.60/111.60.
Read the full report: FX Daily