Today’s highlights:
EURUSD spotlight stays on the 1.2359/58 range lows. We stay bearish for an eventual break beneath here to test 1.2226.
USDCHF above .9742 can complete a bullish continuation pattern, for .9783 initially.
GBPUSD is expected to break below 1.5590/85 to test 1.5429/22.
USDCAD stays bullish for a breakout above 1.1468 to test 1.1575/78 next, then medium-term channel resistance at 1.1616.
USDJPY stays bullish for our core 120.00/10 target.
AUDUSD has broken to a new cycle low and we stay bearish for a decline to .8316. and eventually .8066.
DXY $ Index is approaching our target and what we see as tough resistance at 88.71/89.92.
Read the full report: FX Daily