Today’s highlights:
NZDUSD below .7693/60 should confirm a large top to target .7456, then .7371/37.
AUDUSD decline continues and we stay bearish for our .8066 target.
USDCAD is expected to follow through above 1.1468/77 to test 1.1590 next ahead of medium-term channel resistance at 1.1622.
GBPUSD completes a bearish continuation pattern below 1.5590/85, to keep the trend lower for our 1.5429/22 target.
EURUSD remains on course for a test of medium-term range support, starting at 1.2227 and stretching down to 1.2042.
USDCHF’s trend stays higher to test the .9841 peak.
USDJPY immediate risk stays higher for 122.22 initially, ahead of the 124.16 high of 2007.
Read the full report: FX Daily