EUR/USD: Still looks ripe for an attempt higher
Short-term conditions remain stretched and price action less aggressive to the downside which in combination has created a price/momentum in this timeframe prospective. Over 1.2877 would then focus to 1.2931. Key resistance is located in the 1.2995/1.3020 zone. Current intraday stretches are located at 1.2800 & 1.2895.
USD/CAD: Targeting +1.11
A short-term correctional sequence seems to be over and done with after yesterday's break back through 1.1023 (now support). With additional mid-body support at 1.1000, the recent 1.11 high is at stake - over which extension towards a key ref at 1.1280 should be penciled in. Ditch this bullish thought on a move back under 1.0926. Current intraday stretches are located at 1.0980 & 1.1060.
AUD/NZD: Small up before big down
A massive support area in the low 1.09 is under pressure. Short-term stretched conditions may make more sellers hesitant to enter right now, but let's vent this for a few days (or less) and selling is likely to resume - then with 1.0775 & 1.0685 in sight. Dynamic resistance is currently likely at 1.1025/65. Current intraday stretches are located at 1.0910 & 1.0985.
GBP/USD: Rejected from the mid body point
We've now probably completed the test of the weekly mid body point (of the latest falling weekly benchmark candle) and should therefore stand ready to resume the descent (as we've broken below the 233d ma band there should be more selling in the pipeline). The hourly graph suggests that will accelerate breaking below 1.6322.
