USD marginally weaker versus nearly all G10 FX currencies overnight with NZD being the only underperformer mainly due to the miss on consensus Q2 retail sales expectations and revision downwards to previous print. Our favourite commodity currency short continues to be the CAD where we still like to buy on dips.
{EU} EURUSD Neutral => Look for resistance towards 1.1230 and support levels at 1.1090.
{JN} USDJPY Neutral => On the topside 125.28 and then 125.86 are the levels to keep an eye on, as well as 123.80 on the downside.
{GB} GBPUSD Neutral => Levels: support at 1.5535 with 1.5661 as resistance.
{NZ} NZDUSD Neutral => Key levels for the session: Resistance at 0.6650 and support at 0.6468.
{AU} AUDUSD Lower => We still favor the pair lower with key levels for the session: 0.7440/50 resistance with 0.7300 as support on the downside.
{CA} USDCAD Higher => We like the pair higher with important technical levels: support levels at 1.2915 and 1.2880 below, with 1.3065 as resistance.
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