Today’s highlights:
EURUSD spotlight remains on its 200-day average at 1.3635, below which can add weight to a large bearish “wedge” scenario.
EURGBP declines to price/trend support at .8085/71, which we look to hold at first. Bigger picture we stay bearish for .7800.
GBPUSD’s break above 1.6904 turns the trend higher again for 1.6998/7000, then 1.7044/49.
EURJPY is holding its 200-day average at 138.13 for now.
USDJPY holds key support at 100.75, staging a strong reversal.
AUDUSD continues to threaten a top below .9202.
NZDUSD spotlight remains on key support at .8527/17, below which would also see a top.
USDCAD above 1.0928 eases immediate downside pressure.
Read the full report: FX Daily
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