Today’s highlights:
EURUSD breaks to a new cycle low, leaving the immediate risk lower towards the 78.6% retracement at 1.2460 next.
USDJPY stays bullish for 110.09, above which should see renewed strength towards our target at 110.60/111.60.
GBPUSD’s break below key support at 1.6052/1.6002 leaves the immediate risk lower towards 1.5854 next.
USDCHF spotlight turns towards price and channel resistance at .9724/52.
USDCAD above 1.1280 can see a move higher towards 1.1419/38 next.
AUDUSD immediate risk lies lower for .8643 at first, ahead of .8546.
NZDUSD spotlight turns to key support at .7693/83.
EURGBP has held the key six year range low at .7755 and we allow for a corrective move back up to “neckline” resistance at .7904/.7899.
Read the full report: FX Daily