Today’s highlights:
EURUSD’s break below the 55-day average at 1.3723/04 sees topping risks mount and adds weight to our bearish “wedge” story.
USDCHF spotlight turns to key short-term resistance at .8929/31. Above here is needed for a better base.
GBPUSD is expected to find better buying ahead of trendline support now at 1.6527.
EURGBP remains bearish for .8203/.8190, beneath which again targets key support at .8165/55.
USDJPY bias stays higher in the range to 104.47 next, with mediumterm resistance at 105.48/60.
AUDUSD has found support has been found at the 13-day average at .9193/82 and the overall recovery remains intact for .9410/.9510.
USDCAD continues to tread water above potential trendline and price support at 1.0992/54.
Read the full report: FX Daily
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