Today’s highlights:
EURUSD continues to try to build a near-term base.
USDCHF continues to threaten a bear “wedge”.
GBPUSD above trendline resistance at 1.5717 and through 1.5765 would establish a small base.
USDCAD spotlight turns to medium-term channel resistance at 1.1619/30 next.
USDJPY’s immediate risk can stay lower while capped below price resistance at 119.92.
EURJPY stays in its broad sideways range.
NZDUSD’s risk can stay marginally higher while still holding above price support at .7731.
AUDUSD remains bearish for .8195 initially, ahead of our core bear target and 2010 low at .8066.
Read the full report: FX Daily