Today’s highlights:
EURUSD: Despite bounce this morning another new setback low reinforces bear risk through 1.3382/45 retrace/chart support potentially to 1.3146/1.3050 into month-end
USDCHF: Grinding higher since defence of .8922 chart support to maintain the positive tone from the bullish ‘outside’ Monday.Still aiming at the .9317 peak; risk to .9400
AUDUSD: Once again probing 1.0071/52 support with mounting risk more forcefully through here to the .9910/9866 support cluster, potentially to .9728/9680 this month
NZDUSD: Bearish tone intact since plunge through .7765/43 support to hit .7635 retrace target.Real threat now through the .7469 low to critical longer term foundations at .7433 and .7335
Today’s trades:
EURUSD: Short through 1.3578 for 1.3352; exit 1.3578
USDJPY: Short through 77.44 for 76.56; exit 77.92
GBPUSD: Short through 1.5819 for 1.5646; exit 1.5936
USDCHF: Long from .8956, for .9288; exit .8919
AUDUSD: Short through 1.0052 for .9876; exit 1.0166
NZDUSD: Short on break of .7624 for .7441; exit .7756
USDCAD: Flat, try a long at 1.0176 for 1.0400; exit 1.0049
Credit Suisse
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