BBH - "The euro is falling through the uptrend drawn off last July (Draghi-induced) lows. It comes in just below $1.3200 today. The next technical target is near $1.3070-80. Sterling has been pushed well through our $1.53 target and is now trading at 31-month lows. It has bounced off the $1.5130 area, but the $1.5250 area looks set to cap corrective upticks. The Canadian dollar is no match for the greenback. A trend line drawn off the 2011 and 2012 high comes in near CAD1.0230 now. A push through there can see an accelerated move. The Australian dollar saw this week's losses extended, but support was again seen near $1.0225 (seen on February 12 too). The dollar is heavier against the yen and has generally failed to sustain post-G20 gains. It has not traded below its 20-day moving average since the election was called in mid-November. It comes in now near JPY92.80."
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