Today’s highlights:
USDJPY’s collapse below 102.11/09 sees a defensive range reemerge.
EURJPY’s snap back beneath 141.27 eases immediate upside pressure.
EURUSD stages an aggressive rejection of “wedge” resistance at 1.3972/76, but only below 1.3843/33 sees a top.
EURGBP maintains a base and the focus stays higher for .8425.
NZDUSD has initially been capped by the top of the medium-term “triangular” range at .8587.
AUDUSD saw a roller-coaster session, but the 55-day average support continues to hold to maintain the base.
USDCHF trend stays lower to .8568/18.
USDCAD immediate risks stay lower in the current range, but the medium-term uptrend stays in place.
Read the full report: FX Daily
Credit Suisse