Technical Analysis – FX Daily Majors

Today’s highlights:
EUR/USD: Reluctant Friday bounce and “outside” pattern (lower?) today again breaks key 1.3428/10 support, with risk next to 1.3305 and late Q3/early October threat to 1.3050
AUD/USD: Aggressive reversal below critical .9933/27 aims at .9574/37 this week; October overshoot threat to .9218
NZD/USD: Critical top reinforced through .7755/00 target area this morning, with early October risk now to .7433
USD/CAD: Threat this week to 1.0545 with an early October risk to 1.0669/81.  Above, 1.0805/54 should be formidable resistance

Today’s trades:
EUR/USD: Flat, retry short at 1.3575 for 1.3256; exit 1.3621
USD/JPY: Short at 77.22, for 75.05, stop 77.90
GBP/USD: Tactical long entered at 1.5356 for 1.5624. Reverse to short here or back through 1.5324
USD/CHF: Long at .8736 for .9340; exit/reverse .8634
AUD/USD: Short through .9900 and added at .9860 for .9575; exit .9876
NZD/USD: Flat, retry short at .7805 for .7456; exit .7906
USD/CAD: Flat, retry long at 1.0275 or through 1.0366 for 1.0535; exit 1.0219

Click here to read the full report:

http://www.easyforexnews.net/wp-content/uploads/2011/09/document-804488550.pdf

 

Credit Suisse
FIXED INCOME RESEARCH & ANALYTICS