Today’s highlights:
EURUSD has fallen to test our core target zone at 1.2787/55. While we look for an attempt to hold here, a direct break can target 1.2460 next.
UDCHF above .9457 should see strength extend to .9597/.9600.
NZDUSD’s break below .8051 leaves the bias lower towards the 78.6% retracement of the June 2013/July 2014 rise at .7930.
AUDUSD stays bearish for .8730, then the .8674/58 lows for the year and long-term 38.2% retracement.
USDCAD has found a near-term cap has been found at 1.1138, but we stay bullish for an eventual retest of the 1.1280 peak.
EURGBP spotlight stays on our core bear target zone at .7800/.7755.
GBPUSD holds above 1.6162 to leave the recovery intact to test 1.6525, above which would see a move on to 1.6622/46.
USDJPY stays bullish for a move to our 110.60/111.60 target.
Read the full report: FX Daily