Today’s highlights:
USDJPY has broken 200-day average and price support at 101.70/61, and we look for weakness to extend towards 100.84/76.
EURJPY risk is seen lower for a break below 137.70.
USDCAD spotlight remains on key medium-term support at 1.0650/00.
NZDUSD moves to a new high for the year above .8781, and we stay bullish for the 2011 high at .8845.
AUDUSD needs to clear .9463 to see a bullish continuation pattern.
GBPUSD stay bullish for a break above 1.7063 for our core mediumterm target at 1.7331/32.
EURGBP stays bearish for an eventual break below .7961//59 to aim at our core medium-term target at .7800.
EURUSD strength is expected to be capped below 1.3670/90.
USDCHF only sees a top below key price support at .8908.
Read the full report: FX Daily