Today’s highlights:
AUDUSD surges above .9463 to complete a bullish continuation pattern for .9584 – the 38.2% retracement of the entire 2011/2014 bear trend.
USDCAD has declined to key 38.2% retracement, uptrend and price support at 1.0650/00, where we look for a floor.
NZDUSD stays rangebound near term, but the broader trend is still seen higher to test the 2011 high at .8845.
GBPUSD has extended strength above trendline resistance at 1.7126 leaving us bullish for our core target at 1.7330/32.
EURGBP is expected to remove support at .7961/59, to target our core medium-term objective at .7800.
EURUSD strength stays seen as corrective for now.
USDCHF maintains a top for .8778/71.
Read the full report: FX Daily