Today’s highlights:
EUR/USD: A new correction low through key 1.3428/10 area reinforces bearish “outside” Wednesday. Next downside target is 1.3305 with late Q3 risk to 1.3050
AUD/USD: Plunge through critical .9933/27 for a more important top for .9574/37
NZD/USD: Important top through key 38.2% retrace .7972, .7965 spike low and 200-day MA to already prod at .7755/00 target area. October risk to .7433
USD/CAD: Aggressive reversal/recovery already hits our 1.0300 retrace target. Corrective setback today should pave way for upside to 1.0545 in early October, risk to 1.0669/81
Today’s trades:
EUR/USD: Flat, target met on short from 1.3703 at 1.3430. Retry short at 1.3710 for 1.3256 exit 1.3811
USD/JPY: Short at 77.22, for 75.05, stop 77.90
GBP/USD: Tactical long entered at 1.5356 for 1.5745. Reverse to short here or back through 1.5286
USD/CHF: Long at .8736 for .9340; exit/reverse .8634
AUD/USD: Short entered through .9900 for .9575; add at .9860; exit 1.0011
NZD/USD: Flat, retry short at .7889 for .7456; exit .8075
USD/CAD: Flat, target met on long from .9851 at 1.0285. Retry long at 1.0075 for 1.0535; exit .9980
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Credit Suisse
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