Today’s highlights:
EUR/USD: Topping bias intact and reinforced by indecisive breach of trend support, but through 1.3653 needed to confirm a more defensive tone for 1.3565
USD/CHF: Bearish trend line reversal and chart support erosion points to .78968/748 into next week
AUD/USD: Tentative reversal of support trend line, but only a break below 1.0118/02 confirms a top for .9866. Above the 200-DMA (1.0389) needed for bullish extension
NZD/USD: Further activity below trend support, but only down through .7861 confirms a top for .7743
Today’s trades:
EUR/USD: Unwanted long at 1.3705. Stop/reverse to short at 1. 3815 or through 1.3749
USD/JPY: Long at 77.10, add at 76.55 for 78.60, stop 76.10
GBP/USD: Short at 1.5829 for 1.5556; stop/reverse 1.5906
USD/CHF: Flat, sell at .8996 for .8766; exit/reverse .9085
AUD/USD: Short at 1.0320 for 1.0000; stop/reverse 1.0400
NZD/USD: Unwanted long at .7895 for .7985, stop/reverse here or through .7849
USD/CAD: Long at 1.0055 for 1.0325, stop/reverse .9974
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/10/document-804554150.pdf
Credit Suisse
FIXED INCOME RESEARCH & ANALYTICS