Today’s highlights:
AUDUSD has fallen aggressively again and we stay bearish for our .8066 core target, the 2010 low.
EURUSD above 1.2600 should confirm a better foundation for recovery to 1.2771 next, then 1.2888/1.2914.
USDCHF’s break below .9605/.9595 confirms a bear “wedge”.
GBPUSD above resistance at 1.5769 sets a small base.
USDCAD spotlight stays on our long-term core target at 1.1666/1766, which we look to ideally cap.
EURGBP has found a ceiling at .8023/66, which maintains the broader converging range.
EURJPY strength is ideally capped at 147.15.
USDJPY has found an initial floor at 115.49/45, but we look for 118.14/18 to try to cap.
Read the full report: FX Daily