Today’s highlights:
AUDUSD has resumed its core bear trend and we stay bearish for .8546 next, then medium-term channel support at .8485.
NZDUSD below .7683 should confirm a medium-term top, for .7546 initially.
USDCAD above 1.1386 keeps the trend bullish for 1.1506 next, then channel resistance at 1.1582, with our core target still at 1.1666/1766.
USDJPY needs to hold above 113.81/73 to keep the immediate risk higher.
EURJPY above 143.82 should target the 2013 high at 145.69.
EURUSD needs to see a conclusive removal of 1.2460 to aim at 1.2387/83 initially, ahead of trend support at 1.2220.
GBPUSD stays at risk lower while below 1.6024/39.
Read the full report: FX Daily