Today’s highlights:
EUR/USD: Small base through 1.3602, but only above 1.3796/3810 sets up a more sustainable rebound. We look for a cap here and erratic digestion below into quarter-end. October threat still to 1.3050
USD/CHF: Small top through minor .8976 favours digestion this week. But whilst above .8698 early Q4 risk is still higher to our .9342/.9400 target area
AUD/USD: Small base enhanced by probe above .9927/33 breakdown trigger, but whilst capped below 1.0057/80 barriers we look for erratic digestion into quarter-end
Today’s trades:
EUR/USD: Flat, retry short at 1.3610 for 1.3256 exit 1.3686
USD/JPY: Short at 77.22, for 75.05, stop 77.90
GBP/USD: Reversed long from 1.5356 to short at 1.5624 for 1.5305; exit/reverse above 1.5756
USD/CHF: Long at .8736 for .9340; exit/reverse .8634
AUD/USD: Flat, try a short at .9975 for .9775 where we would reverse to long. Exit/reverse short to long above 1.0082
NZD/USD: Flat, retry short at .7930 for .7456; exit .8010
USD/CAD: Reversed to short through 1.0219 for 1.0060; reverse to long here or to flat above 1.0275
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Credit Suisse
FIXED INCOME RESEARCH & ANALYTICS