Today’s highlights:
USD/CHF: Reinforcing the bullish “outside” Monday from a record low for a small base. The challenge is now to overcome .8500/27 for a sustainable bottom; we look for this area to cap
NZD/USD: Surge to another new multi-decade high through 8501 and wedge top leaves August risk to our Q3 target at .9000
USD/CAD: Plunge through .9511 spike low targets a move through the .9445 cyclical low. A violation aims at return line support from 2009, .9265 into mid-Q3
Today’s trades:
EUR/USD: Short entered at 1.4188 for 1.3846; exit 1.4306
USD/JPY: Flat, enter long at 78.56 for 80.34; reverse 78.19
GBP/USD: Try short at 1.6168 for 1.5796; exit/reverse 1.6206
USD/CHF: Retry short at .8294 for .8006; exit .8332
AUD/USD: Flat, try short at 1.0794 for 1.0566; exit 1.0894
NZD/USD: Retry long at .8442 for .8900; exit .8304
USD/CAD: Short at .9616 for .9456; exit .9706
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http://www.easyforexnews.net/wp-content/uploads/2011/07/document-899595241.pdf
Credit Suisse
FIXED INCOME RESEARCH & ANALYTICS