Today’s highlights:
EURUSD: Another lower high and low to a new setback low leaves risk lower through 1.3382/45 retrace/chart support, with growing month end threat to 1.3146/1.3050
USDCHF: A gradual advance with successive higher highs since the bullish ‘outside’ Monday defence of .8922 support.This still aims through the .9317 peak to .9400
AUDUSD: Anticipated, more forceful push through 1.0071/52 aims at the .9910/9866 support cluster near term and potentially down to .9728/9680 into latter November
NZDUSD: Spotlight on the .7469 October low having surrendered final .7635 retrace target. Risk is growing through here 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 1.0216 for 1.0474; exit 1.0079
Credit Suisse
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