Today’s highlights:
• AUDUSD has fallen sharply again and below .9585/75 should see the bear trend directly extend for .9407/.9388.
• NZDUSD maintains its top and we stay bearish for .7923/14 next
• EURUSD continues to face a headwind from the 21-day average at 1.2969, keeping the risks bearish to “neckline” support at 1.2796/46
• USDCHF has staged a sharp recovery from the .9591 pivot low, and we stay bullish for a break above .9841 to test the .9925/73 barrier.
• USDJPY must still break above 102.57/73 to end the corrective phase and retest the 103.74 high.
• GBPUSD stays bearish for a move down to the 1.4832 low.
• EURGBP maintains a near-term range, but we stay bullish for a break above .8600/07 to test .8639/56.
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