Clear descending triangle on the NZD/USD - I'm favoring a break of support at .8150 for a quick run down to .8100 tomorrow. If rates breakout higher, first resistance is at .8200
The EUR/JPY is testing 3-month bullish trend line support after putting in a lower high last week. If rates can break through this level, it would expose support at 99.50 or 98.00. Risk appetite is clearly bearish, with U.S. stocks at 1-month lows, which could also pull down EUR/JPY and lead to a conclusive trend line break.
