Today’s highlights:
EURUSD: A quiet inside session Thursday, but the bias remains higher. Above 1.3532 would aim at 1.3615.
AUDUSD: The crosshairs remain on the 1.0335/47 barrier. We favour an upside break through here to test the 200-day moving average at 1.0414.
NZDUSD: The 55-day moving average at .7821 caps for now, but we aim through here to .7910/31 ahead of key resistance at .8000/10.
USDCAD: Price action remains moribund at the week’s lows at 1.0123 and we still see the risks down to better support at 1.0081/54.
Today’s trades:
EURUSD: Long at 1.3365 for 1.3604; 1.3555; exit 1.3394
USDJPY: Long entered at 77.65 for 78.86; reverse short here (or exit below 76.94) with stop/reverse above 79.51
GBPUSD: Long at 1.5586 for 1.5844; exit/reverse 1.5418
USDCHF: Long at .9088 for .9400; tight exit/reverse through .9065 for .8776.
AUDUSD: Flat, target met on long. Retry long at 1.0096 for 1.0410; exit 1.0014
NZDUSD: Long at .7515 for .7888; exit .7709
USDCAD: Reverse to short through 1.0254 for 1.0086; exit 1.0366. Reverse to long at 1.0086 (exit/reverse 1.0054)
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Credit Suisse
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