Today’s highlights:
• EURUSD is holding accelerated trend support at 1.3193 to keep the spotlight on resistance at 1.3319/42. Above here though is needed to look higher in the range to 1.3504/21 next.
• AUDUSD spotlight stays on our .9407/.9388 target. A daily DeMark sequential 13 is in place. However, we look to fade any strength for an eventual break lower to .9145.
• NZDUSD has all but achieved our next support at .7808. We allow for a minor bounce, but stay bearish for .7718 next, then .7655.
• USDJPY has extended its rebound, but above 100.40/50 is needed to turn the trend higher again.
• EURJPY’s break above 130.35 eases corrective risks. Above 132.09/16 is needed to re-open a test of the 133.84 high.
• GBPUSD is holding in a high level range and near-term resistance remains at the 200-day MA at 1.5704. Above is needed to look on to 1.5786/2828 resistance zone.
Read the full report: FX Daily
Credit Suisse