Today’s highlights:
– EURUSD is holding 50% retracement support at 1.3103. We look for the “neckline” to the top at 1.3220/30 to ideally cap further strength though, for an eventual decline to 1.3021.
– USDJPY has held trendline support at 98.56/54 to leave the broader risks still higher.
– USDCHF has initially been capped beneath 9449/57, but we expect .9291/88 to maintain a base for .9520/35 next, then .9647.
– EURGBP spotlight stays on key support at .8410/8398. Beneath would confirm a major top for .8285 initially, and eventually .8165/55.
– GBPUSD immediate risks are still for a test of the range highs at 1.5705/52, where we look for a fresh topping effort.
– AUDUSD focus stays on the range highs at .9234/73, which we look to try and cap.
Read the full report: FX Daily
Credit Suisse