Today’s highlights:
USDJPY stays bearish near term to test a more important support zone at 100.11/99.25.
EURJPY stays biased lower to better support at 134.32/133.99. AUDUSD sets a small base above .8990, but we look for .90779/87 to cap to keep the medium-term bear trend in place. NZDUSD’s surge higher turns the trend neutral again.
GBPUSD’s break below 1.6309 sets a bigger top.
EURUSD remains moribund at the 1.3458 38.2% retracement support, but the bias stays lower to 1.3399/83.
USDCAD continues to try and base above chart and 21-day average support at 1.1029/19.
Read the full report: FX Daily
Credit Suisse