Today’s highlights:
DXY $ Index below 86.10 maintains the threat of further weakness.
USDCAD has extended its correction lower, but we expect 1.1070 to hold to keep the broader trend still higher.
AUDUSD looks set to retest resistance at .8900/33.
EURUSD continues to correct higher, but we stay bearish for an eventual break lower to retest 1.2500/2460.
GBPUSD needs to break above the 1.6186 pivot to ease ongoing downside risks.
USDJPY above the near-term range highs at 108.38 can see strength for 108.75/77 initially, ahead of 109.24.
EURJPY’s immediate focus turns towards the 137.94 price barrier where we would expect to find fresh selling.
Read the full report: FX Daily