Today’s highlights:
USDCAD has completed a base and we look for an extension of strength towards 1.1394/1403, ahead of the November high at 1.1468.
USDJPY’s trend stays higher for 118.98 initially, followed by our core target at 120.00/10.
EURJPY remains capped below price resistance at 147.47 for now.
AUDUSD remains bearish for the medium-term bear channel support at .8468 initially, followed by .8316.
EURUSD’s immediate risk turns lower for a move towards 1.2402 at first, ahead of the 1.2359/58 lows.
EURGBP remains biased lower in its range.
GBPUSD immediate risk stays
Read the full report: FX Daily