Today’s highlights:
EUR/USD: Decisive upside breakout leaves risk higher for the week, but today we expect some consolidation back to throwback/trend support placed at 1.3525.
GBP/USD: Market remains under pressure, with the focus remaining on the key support cluster at 76.16/11/75.95.
USD/CHF: Bearish outside reversal day sees a minor top being put in place, with risk of correction back to important trendline/chart support at .8918.
AUD/USD: Removal of chart resistance placed at .9988 confirms change of trend, with risk still higher to 1.0077 50% retracement. We see risk through here to 1.0240.
Today’s trades:
EUR/USD: Stopped out at 1.3695. Buy retrace to 1.3530, add at 1.3440, targeting 1.3800, stop at 1.3344.
USD/JPY: Short at 77.22, for 75.05, stop 77.90.
GBP/USD: Short at 1.5605, target/reverse 1.5535; exit/reverse 1.5726.
USD/CHF: Long at .8736 for .9340; exit now at .8916. If stopped out, re-enter long again at .8790.
AUD/USD: Target met at .9974. Buy at .9864, target 1.0200, stop .9725.
NZD/USD: Long through .7652 for .7945; stop now at .7665.
USD/CAD: Target met at 1.0326. Sell at 1.0350, target 1.0160, stop/reverse through 1.0432.
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Credit Suisse
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