Today’s highlights:
EUR/USD: Break below the medium-term upward trendline keeps the bias lower within the broader range, with risk down to 1.4109/04 and then 1.4055.
GBP/USD: Reverts back to the critical 200-day moving average and key support zone at 1.6110/01. A break through here would confirm a bearish tone, with risk lower to 1.5781.
USD/CHF: Correction lower continues for now with the market reverting back down to key near-term trend support which lies at .7892. We expect a break lower to .7770.
AUD/USD: Failing ahead of interim support placed at 1.0780. Through 1.0662 initial support complete a top for 1.0534 trend support.
Today’s trades:
EUR/USD: Sell at 1.4320 targeting 1.4100, stop placed at 1.4420.
USD/JPY: Short at 77.22, targeting 76.00, stop placed at 77.86.
GBP/USD: Stopped out at 1.6195. Sell at 1.6225 targeting 1.6006, stop/reverse through 1.6340.
USD/CHF: Long at .7994, target .8206, stop at .7890. Retry long again at .7782 if stopped out.
AUD/USD: Sell at 1.0720 targeting 1.0534, stop at 1.0850.
NZD/USD: Sell at .8527, targeting .8370, stop at .8590
USD/CAD: Short through .9767 add at .9860, for .9650, stop at .9925
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Credit Suisse
FIXED INCOME RESEARCH & ANALYTICS