Today’s highlights:
EURUSD spotlight remains on the 1.2358 low. Capitulation beneath here would target the lower end of the medium-term range at 1.2224.
EURGBP below .7954/73 can keep the immediate bias lower in the broad range of the past three months.
EURJPY risk remains lower while still capped below 147.47.
USDJPY continues to hold above key price support at 117.09/02, leaving the immediate risk topside for a retest of the 118.98 high.
GBPUSD holds in a low level range for now, but we stay bearish through 1.5593/90 to test the 1.5429/22 lows.
AUDUSD’s focus turns towards the mid November low at .8567, below which should see a retest of key support at .8546/41.
USDCAD has found support at the 55-day average, but above trend resistance at 1.1350 is needed to ease remaining corrective risks.
Read the full report: FX Daily