Today’s highlights:
– GBPUSD has staged an remarkable rally above 1.5413/23, allowing the recovery to extend to the channel highs at 1.5555 where we would look for a fresh attempt at a top.
– EURGBP’s sharp fall leaves the market on the cusp of forming a larger top. Beneath .8411/09 would confirm, to target .8284/80.
– EURUSD found selling ahead of the 1.3123/28 barrier leaving the risks lower in the range back to the 200-day average at 1.2949.
– AUDUSD has found selling ahead of 1.0358/60, and we ideally look for this to cap for a retest of price and trendline support at 1.0222/03.
– NZDUSD above .8559/65 would turn attention to the .8678/85 highs, which we would expect to cap.
– USDCHF remains capped by the down
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Credit Suisse