Today’s highlights:
EUR/USD: Failure at 1.4134 sees market maintain downward trend towards 200 DMA and 61.8% Fibonacci retracement at 1.3655
GBP/USD: Near-term downward trend continues to dictate. While below 1.6308 the bias will remain lower to the 200 DMA/chart support zone at 1.5941/37
AUD/USD: Market threatening key internal trendline and chart support zone at 1.0455/43/1.0390 after break of the 55 DMA
Today’s trades:
EUR/USD: Still short from 1.4190 for 1.3911; exit to long here (reverse back to short below 1.3849); exit short at 1.4082
USD/JPY: Long at 81.25 for 82.75; stop 80.85
GBP/USD: Short at 1.6280 for 1.5942; exit above 1.6321
USD/CHF: Flat, re-enter long at .8725 for .9006; exit .8670
AUD/USD: Short at 1.0695 for 1.0450; reverse to long here or to flat above 1.0725 (re-enter short below 1.0385)
NZD/USD: Short at .7965 for .7755; stop/reverse here or above .8006
USD/CAD: Flat. Look to buy back to .9710 for .9975; exit below .9578
Credit Suisse
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