FX Daily Majors

Today’s highlights:
* USDJPY spotlight stays on price/200-day average support at 96.82/58, where we look for an attempt to hold at first. Below can target 95.80.
* EURUSD stays bullish for a test of the February 1.3711 peak.
* USDCHF remains crucially poised above .8931, loss of which would complete a major top.
* GBPUSD above the 13-day average at 1.6072 stays bullish for the broader range highs at 1.6334/79, where we expect sellers.
* EURGBP’s rebound extends, but selling is expected to re-emerge at .8474/82.
* AUDUSD maintains a base and we look for a break above .8460, for a retest of .8511/30, and eventually .8700/30.
* NZDUSD above .8345 can open up a move back to .8437.

Read the full report: FX Daily

 

Credit Suisse