Today’s highlights:
AUDUSD has held key support at .8674/58 as expected, and a “hammer” reversal should see the recovery from here extend.
NZDUSD stays at risk for a correction higher for .7958/70.
USDCAD’s sharp fall has extended to a cluster of supports at 1.1070/51, which we look to try to hold.
USDJPY has completed a bearish “reversal day”, but only below 108.26 would see a small top.
EURJPY risk stays lower for 137.06/136.98.
EURUSD is recovering, but strength stays seen as corrective.
USDCHF remains capped at the 78.6% retracement/trend channel resistance at .9597/.9623.
EURGBP spotlight remains on key support at the six year range low at .7755, below which would set a much larger top for .7258/35.
Read the full report: FX Daily