The EURUSD remains within its horizontal consolidation channel of 1.1202/1.0980. The chart structure remains bullish, arguing for an upward exit towards 1.1290/1.1340 (target adjusted upwards). Cable is not to be outdone, with a target maintained at 1.3673 and initial support at 1.3255.

For its part, the USDJPY couldn't resist testing the extreme end of our 140.24/139.50 support zone, and is currently rebounding towards a first adjusted target at 147.16, whose breach should open the door to 151.48/152.10. The USDCHF is stabilizing within a narrow accumulation zone between 0.8390 and 0.8540/70. The presence of bullish divergences in weekly data favors an upward exit, with 0.8790 in sight.

Commodity currencies remain well oriented, with the aussie rallying to its summer 2023 highs of 0.69. The chart configuration nevertheless suggests a continuation of the upward momentum towards 0.7110/60. The kiwi is also testing an initial resistance zone around 0.6358, but should not really stall until it reaches 0.6433/0.6465.