FX Daily Majors

Today’s highlights:

* USDCAD’s extension above 1.0658/81 leaves us still bullish for our core target at 1.0802/54.
* AUDUSD’s breakdown through trendline support at .9050 keeps us bearish to test the 2013 lows at .8892/48 next.
* EURUSD remains capped by the 1.3627 61.8% retracement of the October/November fall.
* GBPUSD trend stays higher for 1.6619.
* EURGBP’s stays bearish to .8160/55 next.
* USDJPY remains capped below key resistance at 103.10/74, and we stay biased for a fresh setback from here.

Read the full report: FX Daily

 

Credit Suisse