Today’s highlights:
EURUSD has finally completed the long-looked for large bear “wedge”, and we target 1.3248, then 1.2755.
USDCHF spotlight remains on the key .9038 high. Above here is needed for a larger base, for .9135
EURGBP is expected to extend below .7888/86 to test channel support at .7860 next, ahead of our .7800 core target.
GBPUSD stays at risk to a deeper setback to 1.7008/01.
EURJPY remains bearish for the 2014 low at 136.23.
AUDUSD’s surge above price resistance at .9411 eases the immediate topping concern.
USDCAD holds below downtrend resistance at 1.0795, but needs to break 1.0707 to see a small top.
Read the full report: FX Daily