Today’s highlights:
USDJPY’s surge above the 104.47 barrier keeps the immediate risk topside for strength towards 104.88/94 initially, ahead of 105.48/60 highs.
EURJPY ideally stays capped below the August high at 138.04.
AUDUSD stays bearish for a test of key support at .9243/30.
USDCHF continues to push higher and we stay bullish for .9251/72 next.
EURUSD trend stays bearish for 1.3104, then our 1.3020/15 target.
USDCAD’s immediate risk stays topside for 1.0925/28 next.
GBPUSD’s near-term strength found a cap at the accelerated downtrend resistance at 1.6648 and we look for the trend to turn lower.
NZDUSD has formed a “bearish” engulfing candlestick and we look for weakness to extend towards .8311 next.
Read the full report: FX Daily