EUR/USD looks to move back up
Yesterday’s drop back found support around $1.0850, so as long as this holds we continue to look for a move back towards $1.0950. A move above here heads towards $1.10, and then on towards $1.1043. If $1.0850 is broken then we look towards $1.08 and then $1.0723.
AUD/USD gains reversed
The overnight move has reversed the gains of yesterday, but the lows around $0.6935 are still in place, so while this holds a base still looks to be forming.
If indices recover, then AUD/USD could too, and we would look towards yesterday’s highs around $0.7030, and then towards $0.7138. A drop below the Monday lows would head towards $0.6833.
USD/JPY seeks to continue gains
Today, ¥117 continues to be support, and a close above ¥118 would certainly signal that more gains are on their way. In this case the area around ¥118.60 is the first target, and then ¥119.20. A break below ¥117 would head towards ¥116.