Today’s highlights:
USDCAD is vulnerable to a near-term correction to 1.1910, but the broader trend stays higher to 1.2280 next.
USDJPY’s immediate risk stays lower while capped below 117.75/95. Only below 115.56/46 would mark an important top though.
EURJPY is at risk of a near-term consolidation but the bigger trend stays lower for a retest of 134.14.
EURUSD extends its break below the 1.1641 November 2005 low, and we target 1.1212 next, with our core target 1.0836/0765.
EURGBP focus to the lower end of the medium-term bear channel at .7576. We allow for a bounce here, but stay bearish for .7430 next.
GBPUSD stays in a bear trend to test 61.8% retracement support at 1.4913.
USDCHF below .9131/40 can leave the bias lower for now.
AUDUSD is expected to extend its recovery.
Read the full report: FX Daily