Today’s highlights:
GBPUSD remains bullish for a move up to test the multi-year range highs at 1.7044 next.
NZDUSD’s break above .8650 sets a better near-term base and removes immediate thoughts of a top.
AUDUSD while below channel/21 average resistance at .9315/25 still faces downside pressure.
EURUSD must still break above 1.3906 to retest the March high/“wedge” resistance at 1.3967/14008, which we look to cap again.
USDCAD remains capped below trendline resistance at 1.1000 leaving the bias lower to test price and 38.2% retracement support at 1.0867/57.
USDCHF below trendline support now at .8871 would aim at .8743, which protects the .8699 March low.
Read the full report: FX Daily
Credit Suisse