Today’s highlights:
EURUSD: Surrender of the 1.3484 swing low aims now at 1.3382/45 retrace/chart support, with latter part of November risk to 1.3146/1.3050, the Q4 low and longer-term retrace target
GBPUSD: Failure from topping resistance (1.6100/67) surrenders 1.5891/69 support and 1.5825 retrace to confirm a top. Aims for 1.5719/17 support area with risk to 1.5632/14
AUDUSD: Plunge from resistance to probe into flagged 1.0071/52 support. Break here aims down to the .9910/9866 support cluster with November risk to .9728/9680
NZDUSD: Plunge through .7765/43 support and the .7732 low to hit the .7635 retrace target.Overshoot risk now through the .7469 low with critical longer-term foundations at .7433 and .7335
USDCAD: Advance from ahead of 1.0054 chart support through key 1.0265/75 resistance area aims minimally at 1.0330/65 chart/retrace barriers with risk to 1.0495
Today’s trades:
EURUSD: Short entered through 1.3578 for 1.3392; exit 1.3726
USDJPY: Short through 77.44 for 76.56; exit 77.92
GBPUSD: Reversed to short through 1.5819 for 1.5646; exit 1.5936
USDCHF: Long from .8956, now for .9288; exit .8919
AUDUSD: Flat, sell at 1.0190 (exit 1.0236) or through 1.0052 (exit 1.0166) for.9876
NZDUSD: Flat, try short at .7729 or below .7624 for .7476; exit .7756
USDCAD: Still short at 1.0210 for .9974; exit 1.0276
Credit Suisse
FIXED INCOME RESEARCH & ANALYTICS