FX Daily Majors

Today’s highlights:
AUDUSD breaks its short-term downtrend, maintaining thoughts of a base, with a break above .9078/87 needed to confirm.
NZDUSD above .8432/39 can see a base, to target .8545.
EURJPY needs to break above 141.04/27 to set a base, for a move back to 143.18, then the 145.69 high.
USDJPY above 102.72/82 can see the range resolved higher.
EURUSD remains capped by the medium-term downtrend at 1.3832, but only below 1.3643 would set a top.
EURGBP remains bearish while below the 55-day average and recent high at .8272/.8301, for a retest of .8165/55.
GBPUSD remains sideways this week, but the bias stays higher through 1.6770 to retest of the 1.6824 peak.

Read the full report: FX Daily

 

Credit Suisse