Today’s highlights:
* EURUSD’s break above the range highs at 1.3418/52 opens up a move to 1.3597/98, through which would aim at the February peak at 1.3711.
* GBPUSD surge through channel resistance at 1.6070 keeps the risks topside to 1.6178, ahead of the top end of the range at 1.6340/79.
* NZDUSD’s break through neckline resistance at .8342 allows a push to .8465/82, ahead of a test of the range highs at .8638/78.
* AUDUSD’s prod above the 38.2% retracement barrier at .9511 keeps the focus higher on basing targets at .9700/30.
* USDJPY’s snap below 97.89 sees a defensive ranging theme reemerge, and the focus turn back to support at 97.30/96.82.
* EURJPY bias stays higher through 133.38 to test the key 133.84 peak. Above would turn the trend higher for 138.50/139.14.
Read the full report: FX Daily
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