Overnight, the Kiwi was able to hold near-term support vs. USD at .80 after reporting better than expected account balance figures.
Forex Chart of the Day
The Pound has put in a short-term double top on the 30-minute chart at resistance of 1.6240!
The Euro looks to be forming a short-term double top at the 61.8% Fibonacci retracement level which could mean further moves to the downside!
The EURUSD has continued higher and focus is now on 13639-13758 (61.8% retracement and former resistance area). As mentioned yesterday – “once this small upward correction is complete, the EURUSD is expected to collapse in a powerful 3rd wave decline. It should be worth the wait.” 13860 is the key level for the bearish case