Today’s highlights:
• GBPUSD strength is beginning to stall ahead of the 1.5752/82 barrier, and we look for a fresh topping effort here.
• EURUSD has found selling above the 1.3418 high and, with a DeMark countdown nearing completion, we look for an attempt to turn lower.
• USDCHF has found buying ahead of the .9130 spike low, and we look for a fresh basing effort here.
• AUDUSD’s break beneath .8974 keeps the risks lower to test the .8848/37 cycle low and channel support.
• NZDUSD’s collapse beneath .7934/28 sets a top and exposes the year’s lows at .7693/83.
• USDJPY above 98.65 can open up a test of the top end of the range at 99.35.
Read the full report: FX Daily
Credit Suisse