Today’s highlights:
EUR/USD: Still a cautious topping risk, despite rebound ahead of trend support, at 1.3675 today. But rally back through 1.3938 needed to re-energize October upside
GBP/USD: Probe of 1.5667 eases bull risk for a mini-top. Despite rebound, threat this week is back down to the 1.5543/25 chart support area
AUD/USD: Back challenging the previously probed trend line (now 1.0320) and eyeing the 200-DMA (1.0386). We look for a cap here again, but a break quickly targets 1.0471
USD/CAD: Faltering back from 1.0330/40 barriers to again eye key cluster of support at 1.0034/09. We again look for this to hold for a move through 1.0265 to test 1.0330/40
Today’s trades:
EUR/USD: Long at 1.3705, targeting 1.3884, stop/reverse here or back through 1.3644
USD/JPY: Long at 77.10, add at 76.55 for 78.60, stop 76.10
GBP/USD: Long at 1.5671 for 1.5829, exit/reverse here or through 1.5623
USD/CHF: Flat, re-enter long at .8906 for .9394; exit .8765
AUD/USD: Sell at 1.0320 for 1.0120; stop/reverse 1.0400
NZD/USD: Long again at .7895 for .8145, stop/reverse here or through .7849
USD/CAD: Long at 1.0055 for 1.0325, stop/reverse .9974
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Credit Suisse
FIXED INCOME RESEARCH & ANALYTICS