Today’s highlights:
EUR/USD: Failure to sustain gains into the close suggests a correction back towards 1.4325, but while above here the bias is still to 1.4698/1.4707.
USD/JPY: Downside break from triangle pattern exposes 76.31/30/25 key support, but this looks to be holding once again. Through 77.11 implies a bounce to 77.82.
GBP/USD: Break above 78.6% retracement resistance at 1.6541 and the chart high of 1.6549 keeps the focus on the April peak of 1.6748.
USD/CHF: Still printing higher highs after yesterday’s prod above .8000 to a high of .8017. This keeps the focus on key downward trendline/55-day MA currently at .8150.
Today’s trades:
EUR/USD: Long from 1.4417, target now 1.4470, stop/reverse 1.4325.
USD/JPY: Long at 76.82 target/reverse 77.60; exit/reverse 76.19.
GBP/USD: Target met at 1.6540. Sell at 1.6550 targeting 1.6400, stop placed at 1.6625.
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/reverse now 1.0405.
NZD/USD: Long from .8416, add at .8290, targeting .8600, stop/reverse now through .8265.
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-804332140.pdf
Credit Suisse
FIXED INCOME RESEARCH & ANALYTICS