Today’s highlights:
* EURGBP: We allow for the squeeze higher to extend, but look for .7950/64 to cap to see a test of the .7755/40 support.
* EURJPY: Removal of recovery trend support at 96.10 would see bearish forces mount for 94.92 ahead of 94.11.
* EURSEK: The current bounce is seen as corrective and we look for 8.3650/77 to cap to see a test of 8.0480.
* EURNOK: The bounce off the lows is seen as corrective and we look for 7.3460/94 to cap to see a test of the 7.2176 low
* NOKSEK: We remain bearish and look for a break below 1.1208/04 to test our core target at 1.1090/49.
* AUDNZD: The spotlight remains on the 1.3064/88 range high.
Today’s trades/positions:
* EURGBP: Flat, sell at .7900, stop at .7968 for .7755.
* EURJPY: Long again at 95.80, stop/reverse at 94.90, for 98.00.
* EURSEK: Sell at 8.3650, stop at 8.3850 for 8.0500.
* EURNOK: Short at 7.4316/29, stop at 7.4980 for 7.2200. Add to shorts at 7.4135/4143.
* NOKSEK: Short at 1.1381, add to shorts at 1.1396, stop at 1.1455, targets 1.1090.
* AUDNZD: Flat, sell at 1.3064, stop/reverse at 1.3106, for 1.2900.
Click here to read the full report: FX Daily
Credit Suisse