Today’s highlights:
EURUSD: Extension through our 61.8% retrace target, 1.3050 aims at 1.2859, the 2011 low into year-end. Overshoot risks into January are to the important 1.2588/33 area
USDCHF: Through a .9508 chart peak to reinforce the surge above the .9333 peak and key .9400 retrace target. We now aim for .9777/86 into year-end, to parity into January
USDJPY: Prodding higher to aim for 78.31 with key resistance in the crosshairs at 78.54/56
NZDUSD: Through next minor support, .7511 to now eye the November low .7371 then critical retrace support at .7335 is at risk into year-end
Today’s trades:
EURUSD: Short through 1.3249 for 1.2878; exit 1.3466
USDJPY: Long at 77.65 for 78.94; reverse to short here (or exit below 76.94) with stop/reverse above 79.55
GBPUSD: Short through 1.5518 (exit 1.5676) for 1.5356; reverse to long here (exit/reverse back short below 1.5269)
USDCHF: Re-entered long on break of .9480 for .9744; exit .9340
AUDUSD: Flat, try a short at 1.0040 for .9786. Enter long here; exit short above 1.0165. Reverse long to short at .9755
NZDUSD: Flat, try a short at .7574 for .7342; exit .7685
USDCAD: Flat, would wait to re-enter short at 1.0475 for 1.0235; exit 1.0525
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http://www.easyforexnews.net/wp-content/uploads/2011/12/document-804706750.pdf
Credit Suisse
FIXED INCOME RESEARCH & ANALYTICS