Today’s highlights:
NZDUSD stages a bearish “outside day” reversal keeping the spotlight on key “neckline” support at .8537/14. A break here though remains needed to complete a top.
AUDUSD stays on course for a clear break below to test the early April low at .9205 next.
USDCAD must break above resistance at 1.1051/82 to establish a better base.
GBPUSD remains capped below the 1.6838/48 range highs, but the overall trend stays higher to 1.6875 next.
EURUSD continues to hold support at the 55-day average at 1.3786.
USDJPY’s continues to be capped below price and 50% retracement resistance at 102.71/74.
Read the full report: FX Daily
Credit Suisse