Today’s highlights:
• USDJPY has found buying at our support/target at 93.57/92.57 and we look for a basing effort here.
• EURJPY has unearthed good buying at our support target at 124.95/44 and we also look for a floor.
• AUDUSD’s rebound has extended to our .9665/74 corrective target and we look for this to try and cap for a resumption of the downtrend.
• NZDUSD has retraced 38.2% of the entire April/June decline and we also look for the trend to try and turn lower again.
• EURUSD continues to hold accelerated trend support at 1.3310, leaving the risks higher in the range to 1.3435/57.
• GBPUSD has yet to stage a clear break above its 200-day average.
• USDCHF remains biased lower in the broader range to .9051/21.
Read the full report: FX Daily
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