Today’s highlights:
US$ TWI has achieved our 94.4/95.1 first core bull target and we are wary of a consolidation phase emerging.
NZDUSD has completed a small base and a bullish “outside range” day, warning of a deeper recovery to the downtrend at .7868.
AUDUSD rebound extends, but we look for .8763/64 to ideally cap.
USDCAD consolidation extends, but the medium-term bull trend stays intact.
USDJPY needs to hold 114.63 to keep its immediate risk higher for 117.95.
EURJPY above 144.22 turns the spotlight to the 145.69 peak.
EURUSD needs to hold 1.2534/41 to keep the immediate risk lower.
GBPUSD ideally finds a floor above basing/61.8% retracement support at 1.5752/22.
Read the full report: FX Daily