Today’s highlights:
EURUSD spotlight remains firmly on its 200-day average at 1.3636/35, below which would add weight to thoughts of a larger top.
EURGBP is holding price/trend support at .8085/70 for now, but we stay bearish for .8034 next, ahead of better support at .7982/51.
GBPUSD stays bullish for 1.6998/7000, then 1.7044/49.
NZDUSD continues to threaten a top, with a break below .8527/17 needed to confirm.
AUDUSD is also seen at risk to topping, with removal of .9208/02 needed to confirm.
USDCAD remains capped well below initial retracement resistance at 1.0991, leaving downside risks in place to test support at 1.0738/31.
EURJPY continues to hold key 200-day average support at 138.17/14.
USDJPY holds a slight upward bias.
Read the full report: FX Daily
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