Today’s highlights:
EURUSD: Thanksgiving pause, but an absent bounce and further activity below 1.3382/45 support aims through interim 1.3242 level to the H2 low, 1.3146 into month-end
GBPUSD: Straight through minor 1.5543/25 support to prod the final retrace of the October recovery and our November target, 1.5464; month-end risk is to the 1.5272 low.
USDCHF: Time to “play catch up”? Aiming through the recent .9237 peak to the .9317 recovery high with month-end threat above here to a .9400 retrace target
NZDUSD: Non-existent rebound effort since surrender of key 61.8% retrace of the 2010-11 up leg, .7433 leaves downside risk to the critical cyclical support at .7335
Today’s trades:
EURUSD: Now short through 1.3419 for 1.3161; exit 1.3430
USDJPY: Short through 77.44 for 76.35; exit 77.92
GBPUSD: Flat, retry short at 1.5574 for 1.5306; exit 1.5716
USDCHF: Long from .8956, now for .9388; exit .9074
AUDUSD: Sell at .9846/ through .9659 for .9688; exit .9916
NZDUSD: Short at .7476 for .7356; exit .7531. Reverse to long here; stop/reverse back short below .7324
USDCAD: Flat, try a long at 1.0354 for 1.0584; exit 1.0254
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/11/document-804664750.pdf
Credit Suisse
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