Today’s highlights:
EURUSD remains capped below 1.3688/90 – price resistance and 38.2% retracement of the decline from May – leaving the risk marginally lower.
NZDUSD’s recent strength ideally stays capped below .8590/96.
AUDUSD’s focus turns higher, towards .9372/77 – the price and downtrend resistance.
EURJPY’s recent strength is viewed as corrective while capped below 140.64/97.
EURGBP continues to be capped below .8152/43, leaving immediate risk lower towards .8064/61 next.
USDCHF’s spotlight turns to .8965, above which is needed to turn the trend higher.
GBPUSD’s recent strength has found a cap at 1.6845, the near-term downtrend resistance.
Read the full report: FX Daily
Credit Suisse