FOREX TECHNICAL LEVELS

EURUSD takes out 1.2695, EURUSD extended it slide from Monday's 1.2875 high through pivotal support at 1.2695, the low from Aug 14. Penetration there ends the month-long trading range from that low to the Aug 21 1.2941 high. The next support is not far off at 1.2641, the 61.8% retracement of the 1.2456-1.2941 rise. Below there is 1.2570, the 76.4% retracement of the same rise. Mild resistance is at Thursday's 1.2759 reaction high.

USDCHF's recent ascent through the Aug 15 1.2446 high exposes the next resistance at 1.2548, another prominent reaction high from Jul 25. Mild support is at Thursday's 1.2405 reaction low.

GBPUSD broke through the 1.8775 notable low from Aug 18. The next support is nearby at 1.8618, marking the 50% retracement of the 1.8090 to 1.9146 big rise. Only a move above Thursday's 1.8784 reaction high would offset downward pressures. For the past few weeks,

USDJPY has maintained a sideways most between support at the Aug 17 115.19 low and the 117.51 Aug 31 high. A tighter range has taken hold between 117.07 and 115.56, and only a breakout from there would likely provide momentum for a sustainable trend.

USDCAD broke out to the upside from a two-week trading range from 1.1029 to 1.1140, opening the door toward resistance at 1.1275, a reaction high from Aug 18. Not far off is 1.1295, the .618 retracement of the 1.1460-1.1029 decline.

AUDUSD's sharp decline from Monday's 0.7722 new trend high pushed through important support Friday at 0.7551, the Aug 25 reaction low. Penetration there opens the door toward the 0.7440 Fibonacci retracement, marking the 61.8% retracement of the 0.7269-0.7717 rise