Today’s highlights:
AUDUSD has broken below key support at .8546/41, reinforcing our bearish bias for a move lower towards the medium-term bear channel now at .8468.
EURUSD correction extends, but we stay broadly bearish.
EURGBP stays biased lower while below .7954/73.
GBPUSD holds in a low level range for now, but we stay bearish through 1.5590 to test 1.5429/22.
USDCHF has extended its correction, but the bias stays higher to challenge price and trendline resistance at .9742/73.
EURJPY’s immediate risk stays lower while still capped below price resistance at 147.47.
USDJPY continues to hold above price support at 117.09/02 for now, maintaining an upward bias for 120.00/10.
Read the full report: FX Daily