Today’s highlights:
• USDJPY above 96.98/97.00 sets a small base in the “triangular” range for 98.16, ahead of downtrend resistance, now at 99.80.
• EURJPY has staged a successful defence of support at 128.01/127.94, and we look for a deeper recovery in the range.
• EURUSD’s break of the accelerated trendline keeps the focus lower. Removal of 1.3190 is needed for a better top, for 1.3107.
• AUDUSD has found selling ahead of the falling 55-day average at .9266, but back beneath .9086 is required for a small top.
• NZDUSD has been capped beneath trendline and price resistance at .8071/.8107.
• GBPUSD’s break below 1.5484 puts in a small top for 1.5393/90.
• USDCHF has utilised the range lows at .9180/30 as a springboard to stage a recovery, and we look for a recovery to .9390/95.
Read the full report: FX Daily
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