Today’s highlights:
AUD/USD: Surge through the 1.1014 peak and key 1.1035 multi-decade retracement barrier opens up 1.15/16 into Q3 (potentially mid-August). Interim targets 1.1200, 1.1300
EUR/USD: Probe through 1.4520 keeps focus higher, reinforcing surge through the 2011 topping line. Still aiming through 1.4579, with August target at the key 1.4698/4707 area
GBP/USD: Break through 1.6382 retracement barrier looks for push over 1.6444/72 hurdles to 1.6541/49 retracement/chart target
USD/CHF: Another new all time low to prod .8000 psychological barrier leaves August threat down to Fibonacci objective at .7845; Q3 risk is to .7375
Today’s trades:
EUR/USD: Long through 1.4456 for 1.4571; exit 1.4449
USD/JPY: Short at 78.19 for 77.56; reverse to long here or above 78.71
GBP/USD: Long through 1.6385 for 1.6533; exit 1.6255
USD/CHF: Retry short at .8074 for .7854; exit .8163
AUD/USD: Targets met at 1.1028 from long at 1.0794. Retry long at 1.0954 for 1.1191; exit 1.0894
NZD/USD: Retry long at .8530 for .8900; exit .8412
USD/CAD: Short at .9513 for .9276; exit .9651
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/07/document-901385241.pdf
Credit Suisse
FIXED INCOME RESEARCH & ANALYTICS