Today’s highlights:
AUDUSD’s break above .9078/87 confirms a bullish “reverse head & shoulders” base, to target .9168/70 initially.
NZDUSD’s push through .8433/39 sets a bigger base for .8545 next.
EURUSD’s break above the medium-term downtrend at 1.3832 targets “wedge” resistance at 1.3972 next.
EURJPY’s break above key price and 55-day average resistance at 141.27 sets a fresh base for 143.18, then the 145.69 high.
USDJPY sets a base above 102.82.
GBPUSD above 1.6770 keeps the bias higher to the 1.6824 peak.
EURGBP needs to hold below .8351 to stay bearish.
USDCAD reverts to the lower end of the range at 1.0949/04 where we look for fresh support to be found.
Read the full report: FX Daily
Credit Suisse