Today’s highlights:
– AUDUSD below 1.0243/03 should expose key range support at 1.0115/00. We continue to look for an eventual break below here, to confirm a major top.
– USDJPY’s focus stays on the key range highs at 99.95/100.00. Above here would get the uptrend back on track for 101.27/103.10.
– EURGBP threat of a top remains, but removal of .8498/89 is still needed to confirm, for .8294/85.
– GBPUSD focus stays on the 50% retracement and channel resistance at 1.5606/311.
– EURUSD starts the week quietly forming an “inside” day. However, the risks stay to support next at 1.2976/55.
– USCHF continues to target the top end of the converging range at .9483/.9501.
Click here to read the full report: FX Daily
Credit Suisse