Today’s highlights:
GBP/USD: Lacklustre rebound activity leaves risk through 1.5921/05 support today to key retrace support/Q3 low, 1.5785/81 into mid-month (we look to hold here initially)
EUR/USD: Flagged “inside” Wednesday bounce leaves “outside” Tuesday plunge through 200-day MA weighing for a move through the 1.3973 recent trough to the 1.3837/1.3772 support area
USC/CAD: Reluctant probing of .9925/39 barriers ahead of the 2010-11 trend line (.9985) points lower back to the .9724 swing low
Today’s trades:
EUR/USD: Tactically long at 1.4018 for 1.4145; exit/reverse short here or through 1.4009
USD/JPY: Short at 77.22, for 76.00, stop placed at 77.86
GBP/USD: Sell at 1.6080 or through 1.5920 for 1.5805; exit 1.6160 if short above or at 1.6006 if selling the break
USD/CHF: Wait to try a long at .8450 for .8850; exit .8320
AUD/USD: Sell at 1.0670 for 1.0470, stop/reverse here or 1.0770
NZD/USD: Short entered at .8310 for .8105, stop at .8430
USD/CAD: Short at .9955 for .9736; exit/reverse 1.0026
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http://www.easyforexnews.net/wp-content/uploads/2011/09/document-804419150.pdf
Credit Suisse
FIXED INCOME RESEARCH & ANALYTICS