Today’s highlights:
USDJPY spotlight remains on key range support at 101.20/100.75.
EURUSD below 1.3967/96 can maintain thoughts of a bear “wedge”.
GBPUSD’s correction extends, but we stay bullish for an eventual break above 1.6824 to target 1.7044 next.
EURGBP ideally holds below .8315/24 to keep the risk lower.
USDCHF remains on course to test the .8699 low, beneath which would see a move down to .8568/18.
AUDUSD spotlight remains on our .9410/.9510 basing target and we look for the beginning of a topping process here.
NZDUSD ideally holds 21-day average support at .8609.
USDCAD’s rebound extends, but while capped below 1.1001/11, downside risks remain intact.
Read the full report: FX Daily
Credit Suisse