Today’s highlights:
AUDUSD weakness has extended to retest our .8674/58 target – the low for the year and 38.2% of the entire 2001/2011 bull market.
NZDUSD collapse leaves the spotlight on the 2013 lows and 78.6% retracement support at .7693/83.
USDCAD focus stays higher on channel resistance at 1.1180, which we look to cap initially, before moving on to test the 1.1280 peak.
USDJPY has completed a bullish continuation pattern above 109.46, and we look for a move to our 110.60/111.60 target.
EURUSD has reinforced its break below the 1.2787/55 support zone, which keeps the immediate trend lower to 1.2662, then 1.2460.
EURGBP ideally continues to find a floor at our .7800/.7755 target.
GBPUSD remains under pressure and focus turns back to more important support at 1.6162.
Read the full report: FX Daily