Today’s highlights:
• NZDUSD spotlight stays on our initial bear target at 7923/10. Below here would see a bigger top for .7808 then .7655.
• AUDUSD remains capped beneath .9843, leaving us bearish for an eventual break lower through .9528, to .9407/.9388.
• EURUSD’s prod up through trendline and 61.8% retracement resistance at 1.3060/72 maintains immediate upside risks in the range.
• GBPUSD spotlight stays on resistance at 1.5378/89. Above here is needed for a better base for 1.5480.
• USDCHF remains under downside risks to better support at .9328/25, where we would look for a base.
• USDJPY beneath 98.72/43 is needed to see a bigger top, for price and cloud support at 97.34/00.
• EURJPY’s break beneath 130.27/129.97 signals a deeper correction to 128.31/21, potentially 127.29/05
Read the full report: FX Daily
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