Today’s highlights:
USDJPY spotlight stays on our core 120.00/10 target, where we would look for an initial cap.
EURUSD below the 1.2358 range lows should see weakness extend to our 1.2226 target.
USDCHF’s break above the .9742 high turns the trend higher again for .9841.
GBPUSD remains bearish for a break below 1.5590/85, to test 1.5429/22.
EURGBP spotlight turns to the low end of the converging range at .7820/.7799.
AUDUSD maintains its bear trend and we target .8316 next, and eventually .8066.
USDCAD stays bullish for an eventual break above 1.1468 to test 1.1575/78 next, then medium-term channel resistance at 1.1616.
Read the full report: FX Daily