Today’s highlights:
EUR/USD: Plunge through critical 1.3772/1.3665 support area from the 2010-11 up trend aims at 1.3428 today with September risk growing for 1.2859
GBP/USD: Attempted basing in the 1.5912/05 area dismissed with spotlight today on key retrace/price support, 1.5785/81
USD/CHF: Push through the 38.2% retrace resistance and the 200-day MA, opens up potential to .9342/.9400 resistance cluster
USD/CAD: Reversal above the 2010-11 trend line sets a more bullish threat up to the 1.0300 retrace objective
Today’s trades:
EUR/USD: Flat, target met on short from 1.4009 at 1.3786. Retry short at 1.3723 for 1.3431; exit 1.3846
USD/JPY: Short at 77.22, for 76.00, stop nudged up to 77.90
GBP/USD: Short at 1.6080 for 1.5805 where we would reverse to long. Stop/reverse below 1.5748; exit 1.6090
USD/CHF: Short at .8840 for .8630; exit/ reverse .9021
AUD/USD: Flat, wait to sell at 1.0470 for 1.0252; exit 1.0542
NZD/USD: Short at .8310 for .8105, stop at .8430
USD/CAD: Short at .9955 for .9831; exit/reverse 1.0026
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/09/document-804430340.pdf
Credit Suisse
FIXED INCOME RESEARCH & ANALYTICS