Today’s highlights:
EURUSD stays bearish for 1.3513/03, and ideally key support at 1.3487/77. Below here can confirm the expected large bear “wedge”.
EURGBP below .7913 should see weakness extend to .7886/76, then our core medium-term target at .7800.
GBPUSD stays bullish for our core target at 1.7330/32.
AUDUSD below .9322 can see a top complete to target what we view as more important support at .9230/02.
USDCAD continues to hold 1.0610/00, and we look for an attempt to establish a base here.
USDJPY maintains a small base for 102.81/83.
EURJPY maintains a slight downside bias after being capped by its range high at 139.15/21.
Read the full report: FX Daily