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Credit Suisse pdf research report
Today’s highlights:
■ USDJPY has completed a small base and is at risk of a recovery towards
114.15/22, ahead of 115.07/27 which we look to ideally cap for a turn lower.
■ EURJPY’s attention turns towards 128.12/26 which we would look to ideally cap for a turn lower.
■ EURUSD has staged a decline but we look for fresh buying to show on challenge of 13-day average and price support at 1.1162/54.
■ USDCHF above .9821/23 can target key resistance at .9880/89 which we look to ideally cap.
■ EURGBP below .7713/08 can see a small top towards .7661.
■ USDCAD’s spotlight turns towards the near-term range lows at 1.3786/85.
■ AUDUSD’s broader risk can stay lower whilst capped beneath price and trendline resistance at .7230/44.
■ NZDUSD stays capped beneath price and trendline resistance at .6740/53.
Today’s trades/positions:
■ EURUSD: Long at 1.1155, stop below 1.1054, for 1.1450.
■ USDJPY: Short at 115.20/80, stop above 117.54, for 110.10/00.
■ GBPUSD: Short at 1.4480/1.4500, stop above 1.4614, for 1.4150.
■ USDCHF: Short at .9800, move stop to above .9890 for .9570.
■ AUDUSD: Short at .7150, stop above .7236 for .6980.
■ NZDUSD: Short at .6680, stop above .6753 for .6365.
■ USDCAD: Long at 1.3800, stop below 1.3710 for 1.4100.
■ EURJPY: Flat, sell at 128.10, stop above 129.15 for 125.05.
■ EURGBP: Long at .7720, stop below .7661 for .7990.
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