Today’s highlights:
GBP/USD: Market reaches range highs as expected, we now look for an upside break through here to the 1.6541/49 resistance zone, after some brief consolidation
USD/CHF: Threatening minimal resistance from Monday’s peak of .8000 once again. We see risk through here to .8160
USD/CAD: Gradual grind lower persists, as the market continues to generate successively lower peaks. We continue to see the risk through .9781/67 to next key support at .9648/40
Today’s trades:
EUR/USD: Averaged long from 1.4417, for 1.4685, stop at 1.4292
USD/JPY: Long at 76.82, target/reverse 77.60; exit/reverse 76.19
GBP/USD: Long at 1.6342. Target 1.6540, stop now scratch at 1.6342
USD/CHF: Long at .7830, for .8150, stop .7750. If stopped retry long again at .7620 (for .8150)
AUD/USD: Long at 1.0425, targeting 1.0640, stop placed at 1.0315
NZD/USD: Long from .8416, add at .8200, target .8600, stop at .8090
USD/CAD: Target met and reversed short at .9870, targeting .9650, stop placed at .9925
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http://www.easyforexnews.net/wp-content/uploads/2011/08/document-804328340.pdf
Credit Suisse
FIXED INCOME RESEARCH & ANALYTICS