FXStreet reports that economists at Credit Suisse expect the cable to move lower with the next support seen at 1.3451/35 and eventually a more important cluster of supports at 1.3189/35.

“We look for the trend to stay directly lower and look for a quick break of potential trend support from March at 1.3520/05 for a fall to the ‘neckline’ to the 2019/2020 base at 1.3451/35.”

“Whilst we see scope for a hold at 1.3451/35 at first, big picture, we continue to look for an eventual fall to a more important cluster of supports at 1.3189/35. Our bias would then be for a floor to be found here.” 

“Resistance for a rebound is seen at 1.3571 initially, then 1.3601/09, which we look to try and cap.”