Today’s highlights:
USDJPY: Intervention rally stalls at key 2007-11 bear trend line, 79.77, and 200-day MA, 79.88. Only below 77.68 eases the recovery effort for a move back to 76.34, maybe 75.56
EURUSD: Bear reversal with break of trend/pivot support to prod at 1.3800 chart support. A more forceful push through here sets up a more defensive tone for 1.3653 next
USDCHF: Whilst below .8861/75 chart/trend resistance barriers, the early November risk remains lower to .8455 support
AUDUSD: Only a more notable top and defensive tone through 200-day MA & 13-day EMA, 1.0410/0399. Buy here for move back through 1.0766
Today’s trades:
EURUSD: Now short through 1.3924 for 1.3656; exit 1.4055
USDJPY: Long at 77.76 for 78.94; exit 77.44
GBPUSD: Long entered at 1.5976 for 1.6325; exit 1.5868
USDCHF: Short entered at .8724 for .8456; exit .8866
AUDUSD: Long at 1.0516, add at 1.0416. Target at 1.0754; exit/reverse 1.0388
NZDUSD: Long from break of .8111 for .8326; exit .8028
USDCAD: Short at .9994 for .9736. Exit 1.0080
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Credit Suisse
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