Today’s highlights:
EURUSD spotlight remains on key support at 1.3643/30, below which is needed to add weight to thoughts of a larger top.
GBPUSD is still expected to base above trendline and 55-day average support at 1.6732/24.
EURGBP bias stays bearish to .8085 next.
USDCHF stays biased higher to challenge .8978/.9010.
USDCAD remains capped below trendline resistance at 1.0905 leaving the trend lower to 1.0813, beneath which targets 1.0738/30.
USDJPY stays bearish, with our bias leaning towards a sustained break of 101.25/10.
EURJPY’s recent bounce is seen as corrective.
AUDUSD has broken potential trendline support at .9295, leaving the immediate risk to the downside.
NZDUSD below .8604/.8593 can see a small top.
Read the full report: FX Daily
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