Today’s highlights:
NZDUSD falls sharply overnight to leave the spotlight firmly on key support at .8402/.8395, below, which would complete a large top.
AUDUSD bias stays lower and on key range support at .9240/02, below which would complete a large top.
USDCAD bias stays higher to challenge 1.1027/54 next, above which would open up a move to retest the 1.1280 March high.
GBPUSD focus stays on key support at 1.6698/93, but with downside momentum deteriorating, we look for a fresh floor here.
EURGBP’s corrective backup extends, but the medium-term
downtrend stays in place for our core target at .7800/.7755.
EURUSD ideally remains capped below 1.3445/53 to stay directly bearish to 1.3295 next.
EURJPY needs to hold below 137.14/26 to keep the risk lower.
Read the full report: FX Daily