FX Daily Majors

Today’s highlights:
* EURUSD’s spotlight remains on the 1.3711 peak. Above here can target the 61.8% retracement of the 2011/2012 bear market at 1.3835.
* AUDUSD is within striking distance of our .9700/30 basing target, where we look for a top.
* NZDUSD bias stays higher though to .8588, then the range highs at .8628/78, which we would expect to cap.
* GBPUSD bias stays higher for a test of the top of the converging range high at 1.6324/79.
* USDCHF bias stays lower to .8968 then the key .8931 low again.
* USDJPY risks stays lower the 200-day average at 97.19.

Read the full report:  FX Daily

 

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