Today’s highlights:
USDJPY continues to hold key support at 101.20/100.75 for now, despite the completion of a top by the Nikkei.
EURJPY stays rangebound above support at 139.96.
AUDUSD has found selling at our .9410/.9510 basing target, and we look for a topping process to unfold here.
NZDUSD’s break below .8646/45 sets a small top and leaves prices under pressure near term.
USDCAD holds 38.2% retracement support at 1.0861 for now.
EURUSD is at risk to a move back to the 1.3967/94 high/”wedge” resistance, where we look for a fresh topping effort.
GBPUSD has initially held below the 1.6824 peak, but we stay bullish for a break in due course to challenge the August 2009 peak at 1.7044.
USDCHF targets the .8699 low next beneath which would see a fresh move down to .8568/18.
Read the full report: FX Daily
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