Today’s highlights:
AUDUSD finally confirms a large top and we stay directly bearish for.9082 next, then .8982/56.
USDCAD has been capped at 1.1027/54 and we allow for a setback. However, we stay bullish for an eventual break higher for 1.1280.
NZDUSD stays bearish for our .8125/20 target.
GBPUSD remains on course to test the 50% retracement of the 2013/14 rise at 1.6002/00.
EURGBP spotlight remains firmly on key resistance at .8034/39, but only above here would complete a base.
EURUSD stays biased lower to our 1.2787/55 target.
USDJPY stays on course for 107.47 next, then 110.60/111.60.
EURJPY needs to hold below 138.31 to avoid thoughts of a base.
Read the full report: FX Daily