Today’s highlights:
– NZDUSD has seen its expected break of pivotal support at .8168/62 for the completion of a major top. We stay bearish, targeting .8067/52 initially, and eventually .7655.
– AUDUSD continues to plummet following its medium-term top. Immediate support is seen at .9737, with our main target at .9585/75.
– USDJPY has achieved our 102.40/103.10 target – 38.2% of the entire 1998/2011 bear trend – and we look for this to cap for now.
– USDCHF nears our .9770 target, which we look to cap at first.
– EURUSD stays bearish for 1.2772/46, with the growing threat of a large “head & shoulders” top.
– GBPUSD stays bearish for 61.8% retracement support at 1.5128, then 1.5054/27.
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