Today’s highlights:
EUR/USD: Near bearish “outside” pattern back from key 1.3938 resistance level hints at mini-top. Only below 1.3625 confirms a short-term reversal, confirmed below 1.3565
AUD/USD: Upside hesitancy with erosion from probed trend line (1.0335) and the 200-day MA (1.0384). Only below 1.0144, reinforced through 1.0102, signals a small top
USD/CAD: Bullish “outside” Monday recovery from key cluster of support at 1.0034/26/11 aims through 1.0330/40 barriers to revive upside potential
Today’s trades:
EUR/USD: Buy at 1.3705, targeting 1.3935, stop/reverse through 1.3619
USD/JPY: Long at 77.10, add at 76.55 for 78.60, stop 76.10
GBP/USD: Buy at 1.5671 for 1.5869, exit 1.5523
USD/CHF: Flat, re-enter long at .8876 for .9394; exit .8765
AUD/USD: Buy at 1.0116, targeting 1.0465, stop at 1.0084
NZD/USD: Buy again at .7895 for .8145, stop at .7740
USD/CAD: Long at 1.0055, targeting 1.0400, stop at .9925
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http://www.easyforexnews.net/wp-content/uploads/2011/10/document-804541350.pdf
Credit Suisse
FIXED INCOME RESEARCH & ANALYTICS