Risk is off anywhere you look, well almost – since SEK seems to like current market sentiment…
EURUSD players face a 1.3125 test and in EURJPY the 100-handle is no longer far away… GBPUSD is fast distancing its recent correctional high and seems set to test the low-1.53’s before long (below which the 1.50-handle would become exposed)… AUDUSD has crashed through important support refs and looks set to extend losses closer to the next key ref at 0.8890… EURSEK under 9.10 would target ~9.05/9.03. A clear downside rejection and/or back above 9.2850 is needed to go bullish again… EURNOK is testing support below – but is thought to find a firm footing around ~7.76/75… The NOKSEK cross is still on a grind south – with focus on refs at 1.1675, 1.1650 & 1.1610/95… USDTRY will go parabolic again should 1.89 fail to hold buyers at bay… EURPLN sees buyers continuing to respond to dips – above 4.4650 would show resolve and expose the recent high again… Bonds trades higher while S&P500 has opened up the downside, possibly closer to the 1000-handle… Brent Crude is about to accelerated losses…
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/10/TA0410.pdf
Tech team
Skandinaviska Enskilda Banken AB