Today’s highlights:
EUR/USD: Further erratic price action reinforces near term defensive digestion theme. Whilst 1.3810 caps into Q3-end, the early October bias is still down to 1.3050
GBP/USD: Constructive “outside” Thursday leaves risk up closer to 1.5748/50 barriers into next week, which we still look to cap and for renewed bearish pressures from here
NZD/USD: Poised at the recent low, .7638, with growing risk of a bearish acceleration through here towards a key .7433 retracement target into early October
USD/CAD: Solid recovery from ahead of retracement support (1.0134) for a flagged bullish extension to aim at our next 1.0545 target into early October, then to 1.0669/81
Today’s trades:
EUR/USD: Flat, retry short at 1.3671 for 1.3256 exit 1.3816
USD/JPY: Short at 77.22 for 75.05, stop 77.90
GBP/USD: Short at 1.5624 for 1.5305; exit/reverse 1.5756
USD/CHF: Long at .8736 for .9340; exit/reverse .8634
AUD/USD: Flat, try a short at .9975 for .9575. Exit/reverse short to long above 1.0082
NZD/USD: Flat, try a short at .7830/ through .7637 for .7456; exit .7961
USD/CAD: Try a long at 1.0256 for 1.0540; exit 1.0139
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http://www.easyforexnews.net/wp-content/uploads/2011/09/document-804504740.pdf
Credit Suisse
FIXED INCOME RESEARCH & ANALYTICS