If you wish to receive Credit Suisse FX Daily research report (and many other reports) on a daily basis, subscribe now or get a free 5-day trial.
Today’s highlights:
■ EURUSD’s immediate risk stays higher for a challenge of the October 2015 high at 1.1495.
■ EURGBP stays bullish for .8009 at first then key resistance at .8029/56.
■ NZDUSD maintains its medium-term base and we look for an extension of strength towards .6990 at first, then .7169.
■ AUDUSD risk stays higher for .7739, ahead of our target at .7832/50.
■ USDJPY remains under pressure in its range for 111.22, ahead of 110.67 and then a more important level at 110.09/00.
■ EURJPY has found an initial cap on challenge of price and 61.8% retracement at 128.18/36.
■ USDCHF stays bearish for a challenge of the 61.8% retracement of May 2015/November 2015 rally at .9553.
■ GBPUSD below 1.4261 is needed to see weakness for 1.4195 next.
Today’s trades/positions:
■ EURUSD: Long took profit at 1.1370. Long again at 1.1376, stop below 1.1310 for 1.1495.
■ USDJPY: Short at 115.20, stop above 117.54, for 110.10/00.
■ GBPUSD: Flat. Sell at 1.4455, stop above 1.4520 for 1.4205.
■ USDCHF: Short at .9749, stop above .9803 for .9555.
■ AUDUSD: Flat. Try a long at .7620, stop below .7535 for .7830.
■ NZDUSD: Long on break of .6900, stop below .6841 for .7010.
■ USDCAD: Short at 1.3040, stop above 1.3130 for 1.2850.
■ EURJPY: Flat. Buy at 127.05, stop below 126.62 for 128.95.
■ EURGBP: Flat. Buy at .7880, stop below .7830 for .8025.
You can get Credit Suisse FX Daily report as well as many other research reports from well-known institutions via our subscription.