Today’s highlights:
– USDCHF’s surge above .9395/97 confirms a larger base, turning the trend bullish for .9520/35 next.
– EURUSD sees a bearish “outside” day off the “neckline” to the top, and we stay bearish for 1.3021.
– EURGBP is weighing on key medium-term support at .8420/.8398. Below would set a major top for .8285 initially, then .8165/55.
– GBPUSD focus stays on the 1.5707/52 range highs where we look for a fresh topping effort.
– USDJPY looks a little overstretched near term, but we stay bullish for 101.54/64 next, en route to 103.10/74.
– AUDUSD still has scope to test the range highs at .9234/77, which we look to try and cap.
Read the full report: FX Daily
Credit Suisse