Today’s highlights:
• AUDUSD collapse continues, and the market is on the cusp of our .9600/.9575 core target zone, which we look to hold at first.
• NZDUSD maintains its top, and the break below .8052 should see weakness extend to .7925 next.
• USDJPY has reversed its move to a new high, and below 101.86/76 would set a near-term top.
• EURJPY below 131.00 would see a top, for 130.43/33, then 129.65.
• GBPUSD below 1.5054/27 should confirm a fresh top as expected, for the 1.4832 low.
• USDCHF above .9770 should see strength extend to the top of the medium-term range at .9926/73.
• EURUSD stays on course for a test of 1.2796/46, but only below here would warn of a “head & shoulders” top.
Click here to read the full report: FX Daily
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