Today’s highlights:
URUSD needs to remove the 1.3477 low for the year to confirm a large bear “wedge”.
EURJPY recent strength is viewed as corrective in nature and we stay bearish for 136.23.
USDJPY risk is seen to the lower end of the range at 100.85/75.
EURGBP trend stays lower with immediate focus on price/channel support at .7886/66 and eventually our .7800 core target.
GBPUSD weakness stays seen as corrective.
USDCAD remains capped by trendline resistance at 1.0777/95.
AUDUSD continues to hold key “neckline” and price support at .9330/22, but remains below its downtrend at .9411.
NZDUSD continues to hold its rising 55-day average at .8649.
Read the full report: FX Daily