Today’s highlights:
USDJPY needs to hold below 102.15/32 to keep the immediate risk lower to test key range support at 101.20/100.75.
EURUSD continues to form a potential bear “wedge”.
GBPUSD ideally holds 1.6686/81 to retest the 1.6824 high.
EURGBP ideally holds below .8315/24 to keep the risk lower.
USDCHF strength remains seen as corrective ahead of a test of the .8699 low.
AUDUSD spotlight remains on our .9410/.9510 basing target and we look for the beginning of a topping process here.
NZDUSD has again found support at the 21-day average at .8622.
USDCAD remains under corrective pressure while capped beneath 1.1001/11.
Read the full report: FX Daily
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