Today’s highlights:
DXY $ Index maintains its strong rally and we stay bullish for the 88.71 high of 2010.
NZDUSD has completed a medium-term top and we stay bearish for .7605, followed by the May 2012 low at .7456.
AUDUSD below 50% retracement support at .8546 should see a test of medium-term channel support at .8485.
USDCAD stays bullish for 1.1506 next, then channel resistance at 1.1582, with our core target still at 1.1666/1766.
USDJPY trend stays higher for strength towards 115.93, ahead of the October peak at 117.95.
EURJPY though has completed a bearish “reversal day”.
EURUSD resumes its core bear trend and we stay bearish for 1.2220.
GBPUSD trend stays lower for the top of the 2013 base at 1.5752/22.
Read the full report: FX Daily