Today’s highlights:
* AUDUSD spotlight turns to the year’s lows at .8892/48. We allow for an initial hold here, but look for an eventual break lower to .8675.
* USDJPY ideally holds above the 13-day average at 102.53/48 to keep the trend directly bullish to 105.60/106.00, then 110.60/111.60.
* EURJPY needs to hold 140.92 to maintain an immediate upside bias.
* USDCAD is again expected to hold trendline and 21-day average support at 1.0557, to keep the trend directly higher.
* USDCHF spotlight stays on important 38.2% retracement support at .8862, a break of which is expected in due course.
* EURUSD stays bearish while below 1.3835.
* GBPUSD’s removal of 1.6293 sets a small top.
Read the full report: FX Daily
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