Today’s highlights:
USDJPY’s collapse below 102.79/63 turns the spotlight back on key range support at 101.20/100.75.
EURJPY has fallen sharply, but is still holding the 139.96 late March low for now.
GBPUSD’s break above trendline resistance at 1.6721 turns the focus back on the 1.6824 high.
EURGBP’s break below .8245 keeps the trend lower to .8203/.8190 next, beneath which again targets key support at .8165/55.
AUDUSD stays bullish for our basing target at .9410/.9510.
NZDUSD above .8710 can target the 2011 peak at .8845.
USDCAD spotlight remains on the important February 1.0906 low.
EURUSD recovery extends, but through 1.3821 is needed to ease downside risks.
Read the full report: FX Daily
Credit Suisse