Credit Suisse:
Today’s highlights:
USDCAD trend stays higher to retest channel and Fibonacci
projection targets at 1.1421/30 next then medium-term channel
resistance at 1.1559.
EURUSD remains in a corrective phase, but while below 1.2996/3001
the medium-term trend remains bearish.
EURGBP continues to find a ceiling at .8066/67 and we look for the
medium-term downtrend to try and resume.
EURJPY has completed a small base, leaving the immediate risk
topside for 137.10 at first, followed by 137.94.
GBPUSD continues to correct higher. Resistance shows at 1.6138/63
next, but through 1.6228 is needed for a base.
USDJPY’s spotlight turns towards key price resistance at 107.50/58.
NZDUSD’s focus remains on the key resistance at .7975/99.