Technical Analysis – FX Daily Majors

Today’s highlights:

EUR/USD: Q3 trend reversal enhanced targeting 1.4055 this week with 1.4015/11 key to defend to avoid a more negative topping threat

GBP/USD: Eyeing the critical 200-day moving average and key support zone at 1.6124/01. Growing risk of surrender for a more a negative tone to target 1.5781

AUD/USD: Erosion back from interim resistance 1.0780 hints at top through1.603.  Only a break of 1.0534 trend support signals a more notable short-term top for 1.0315

NZD/USD: Break of .8426 pivot support leaves corrective risk back to .8370 trend support. Through here targets .8258 with risk to .8160

Today’s trades:

EUR/USD: Sell at 1.4274 targeting 1.4066, exit 1.4391

USD/JPY: Short at 77.22, for 76.00, stop placed at 77.86

GBP/USD: Entered short at 1.6225 for 1.6006, stop/reverse through 1.6340

USD/CHF: Long re-entered at .7782 for .8240; exit .7694

AUD/USD: Sell at 1.0660 targeting 1.0420, stop at 1.0770

NZD/USD: Sell at .8527, targeting .8370, stop at .8590

USD/CAD: Short through .9767 and added at .9860, for .9650, stop placed at .9925

Click here to read the full report:

http://www.easyforexnews.net/wp-content/uploads/2011/09/document-804392960.pdf

 

Credit Suisse
FIXED INCOME RESEARCH & ANALYTICS