FX Daily Majors

Today’s highlights:
* AUDUSD has extended its setback, but with the 38.2% retracement support at .9286/66 intact our bias is still for move up to .9700/30.
* NZDUSD remains in a high level range, but the trend stays higher to test the .8638/78 broader range highs.
* EURJPY maintains the break above the 133.84 May high, which keeps the trend bullish for our 138.50/139.14 long-held bull target.
* USDJPY ideally holds above 98.77/72 to see a push up through 99.99/100.00 to test a bigger hurdle at 100.62/88.
* EURUSD maintains the break above 1.3452/18 leaving the trend still higher to 1.3597/98, above which would target the 1.3711 peak.
* GBPUSD correction has extended, but we look for 1.5892/83 to hold to see a push up through 1.6178 to the top of the range at 1.6340/79.

Read the full report: FX Daily

 

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