Today’s highlights:
EURUSD spotlight stays on the 1.2578 barrier, above which would set a small base.
GBPUSD stays biased lower to the 1.5429/22 price lows.
EURGBP spotlight stays on medium-term channel and price resistance at .8018/66, but only above here would set a base.
EURJPY stays bullish for a test of “neckline” to the 2007/08 top at 149.25/27.
USDJPY’s immediate trend stays higher for the October 2007 high at 117.95, where we would look for fresh selling.
USDCAD correction is finding buying at support at 1.1228/21, but through 1.1390/1403 is still needed to see the core uptrend resume.
AUDUSD’s spotlight turns to price support at .8649, below which would set a small top for weakness towards .8546/41.
Read the full report: FX Daily