Today’s highlights:
NZDUSD has fallen to key price and “neckline” support at .8536/14, beneath which would see the expected better top.
AUDUSD risks stay lower to test the April low at .9205 next. We expect this to hold at first, ahead of a move to .9153.
USDCAD must break above resistance at 1.1051/82 to establish a better base.
EURUSD has seen a bullish “outside range” day, but needs to clear 1.3906 to see a retest of the 1.3967 high.
USDCHF has declined to potential trend support at .8774/64. This is seen as the trigger to a move back to the .8699 low.
GBPUSD remains capped by medium-term trend resistance at 1.6886, but we remain buyers on dips for now.
EURJPY above above 142.02 should resolve the near-term range higher for 142.53 next.
Read the full report: FX Daily
Credit Suisse