Today’s highlights:
USDCAD’s extension above 1.1027/54 reinforces a larger base for a move on to the 1.1280 high of this year.
EURUSD above 1.2989 would set a small base, but the broader trend stays bearish for 1.2787/55.
USDCHF below .9381 would see a small top and a deeper near-term correction.
GBPUSD while capped below Monday’s bear gap at 1.6283 is still facing immediate downside risks.
AUDUSD’s spotlight stays on key support at .8982/56.
USDJPY edges higher towards potential trendline resistance at 107.53 where we would expect fresh sellers.
EURJPY maintains its base but has found an initial cap at key resistance from the July peak at 139.31.
Read the full report: FX Daily