Today’s highlights:
USDCHF below .8862 should see weakness extend to .8568/18.
EURUSD ideally remains capped at 1.3835.
GBPUSD remains under pressure for the 55-day average at 1.6161/56.
AUDUSD focus remains on the year’s lows at .8892/48. We allow for this to initially hold, but look for an eventual break lower to .8675.
USDJPY continues to hold its rising 13-day average, keeping the bias higher for now.
EURJPY can stay directly bullish while above 140.92/62.
EURGBP is still expected to try and top at the .8466/95 barrier.
USDCAD is expected to hold trendline and 21-day average support at 1.094/57 to keep the broader trend higher.
Read the full report: FX Daily
Credit Suisse