Today’s highlights:
AUDUSD maintains its large “head & shoulders” top and we stay bearish for our .8982/56 next target.
USDCAD above 1.1027/54 should see a resumption of its mediumterm uptrend back to the 1.1280 high of the year.
NZDUSD stays bearish for .8125/20.
USDJPY has rallied to potential trend resistance at 107.50. This should be allowed to cap at first, ahead of a move to 110.60/111.60.
EURJPY completes a base above 138.31, for 139.30 next.
EURGBP has settled into a new sideways range, but the medium-term trend stay lower to our .7800/.7788 target.
GBPUSD has rallied to partially refill Monday’s bear gap, but the risk is still seen lower while below 1.6283.
EURUSD stays bearish for our 1.2787/55 target.
Read the full report: FX Daily