The dollar is correctively giving back some ground

EUR/USD over 1.2580 targets 1.2700\60… USD/JPY should test supports in the 108.17/107.75-zone again… GBP/USD is rebounding too and there is potential for more, but likely not over 1.6280… USD/CAD below 1.1195 argues for a 1.1070 test… AUD/USD is no exception, so looks for gains towards at least 0.8827\44… EUR/SEK below 9.0670 would target 9.0400/9.0240 before up… USD/SEK below 7.1690 would leave a monthly mid-body point at 7.0990 exposed… EUR/NOK offers in the 8.2020\8.2290 should cap the correctional advance… NOK/SEK could test its 1.1045 “Equality point” before turning higher again… EUR/PLN is still messy. Keep two eyes open and dual focus on 4.1715 & 4.1900… USD/BRL is correction its “Wave-3 advance”. Could recheck 2.4170 before up… The Dec Bund contract should make way through 150.29… The US Dec tens contract still has to break above resistance at 125-30… The Dec S&P500 contract looks done on the downside but must be moved through 1,993 to fully confirm a correctional low… The Dec Brent Crude contract looks hesitant at fresh lows, but no signs of a turnaround are visible below 94.61…

Read the full report: Technical Alert