Today’s highlights:
EUR/USD: Bear gap closed and a bullish “outside” pattern aims for a better base through 13-day EMA, 1.3483, with the trend line key at 1.3525. The latter is needed for a firmer base
GBP/USD: Neutral “outside” Thursday after “inside” Wednesday underscores indecision. Probe below key 1.5296 swing low leaves October risk lower to 1.5190/5025 target
USD/CHF: Another new high to eye our .9342/9400 chart/retrace target. Whilst minimally above .9147, we expect a mid-month challenge here; overshoot risk is .9950
AUD/USD: Solid base effort probing trend line/13-day EMA at .9784/9812. A daily reversal would signal a stronger recovery risk for key .9988/1.0000
Today’s trades:
EUR/USD: Flat, try short at 1.3520 for 1.3060; exit 1.3695
USD/JPY: Short at 77.22, for 75.05, stop 77.90
GBP/USD: Covered short from 1.5624 at 1.5355, so flat. Would retry short at 1.5605 for 1.5050; exit/reverse 1.5726
USD/CHF: Long at .8736 for .9340; exit/reverse .8634
AUD/USD: Long through .9610 for .9974; exit .9590
NZD/USD: Long through .7652 for .7945; exit .7544
USD/CAD: Short through 1.0508 for 1.0326; exit/reverse 1.0660
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http://www.easyforexnews.net/wp-content/uploads/2011/10/document-918073251.pdf
Credit Suisse
FIXED INCOME RESEARCH & ANALYTICS