FX Daily Majors

Today’s highlights:
* EURUSD has suffered a sharp collapse, and we look for weakness to extend to key support at 1.3473/21.
* EURJPY below 133.60 completes a top, for trend support at 132.16.
* EURGBP below .8519 has set a top.
* GBPUSD risk stays lower for the target from its top at 1.5972/71, potentially as far as the key 1.5894 price low.
* USDCHF has completed a base, targeting .9107, then .9145/49.
* NZDUSD is still expected to try and base at solid support at .8182/64.
* AUDUSD spotlight stays on the 38.2% retracement of the August/October rally at .9427, where we still look for a base.

Read the full report: FX Daily

 

Credit Suisse