Today’s highlights:
EURUSD continues to try and build a near-term base.
USDCHF continues to threaten a bear “wedge”.
GBPUSD must still break above trendline resistance at 1.5747/65 to establish a small base.
USDCAD stays bullish to test 1.1613/25 next with our core mediumterm target higher still at 1.1666/17665.
USDJPY needs to break above 119.92 to ease the immediate downside concern.
EURJPY’s risk remains lower for 146.43/42 at first, ahead of the late November low at 145.59.
NZDUSD consolidates its near-term gains but only above .7924/28 would warn of a base.
AUDUSD has staged a bearish “outside” session, leaving the immediate risk lower for .8195, ahead of our core bear target at .8066.
Read the full report: FX Daily