Today’s highlights:
AUDUSD’s break below the recent cycle low and medium-term bear channel support at .8480/68 leaves the immediate outlook bearish for the July 2010 low at .8316 next.
USDCAD stays bullish for a retest of the November high at 1.1468 at first, followed by trendline resistance at 1.1552.
EURUSD’s trend stays lower for 1.2402, ahead of the 1.2359/58 lows.
EURGBP ideally stays capped below the price and 200-day average resistance at .8039/43.
USDJPY stays bullish for 119.78/83 initially, followed by our core target at 120.00/10 where we would look for a peak.
EURJPY’s immediate risk turns higher for the 149.15 spike high.
GBPUSD stays bearish for 1.5564 initially, followed by the August 2013 lows at 1.5429/22.
Read the full report: FX Daily