Today’s highlights:
EURUSD back below the 200-day average maintains thoughts of a bear “wedge” and further weakness to 1.3520.
NZDUSD below .8529/17 remains needed to confirm a top.
USDCAD remains bearish for a break below the May pivot low at 1.0813, to test 1.0744/31 next.
AUDUSD ideally stays capped at .9278/86, for a fresh test of .9208/02.
GBPUSD focus turns again to more important channel and price support at 1.6765/32.
EURGBP holds trend and price support at .8085/67, but the bounce stays seen as corrective and we stay bearish for .7982/61.
USDJPY remains capped by 102.14/19 – the 55-day average and 61.8% Fibonacci retracement of the decline from early May.
USDCHF spotlight stays on pivotal resistance at .8983/.9000.
Read the full report: FX Daily
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