Today’s highlights:
GBPUSD stays bullish to the multi-year range highs at 1.7044, then 1.7285 with our core target at 1.7332.
EURUSD’s break above 1.3906 turns the spotlight back on the March high and “wedge” resistance at 1.3967/1.4013.
USDCHF’s breakdown below trend and price support at .8877/64 exposes the .8699 March low.
USDCAD spotlight turns to price/38.2% retracement support at 1.0867/57. Capitulation here would set a bigger top for 1.0735/06.
NZDUSD has broken above .8747. Follow through above here and .8781 would aim at the 2011 high at .8832/45.
AUDUSD breakout above .9380 sets a better base.
USDJPY focus remains on trendline support at 101.50/44 beneath which finds key support at 101.06/100.75.
Read the full report: FX Daily
Credit Suisse