外文报告：Credit Suisse-FX Daily Crosses-121018

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FX Daily Crosses

Global Strategy Technical Analysis


Today’s highlights:
 EUR/GBP: Pausing for breath after the recent breakout. We remain
bullish target .8157 and then .8263, however we do not rule out a brief
correction lower to .8090/99.
 EUR/JPY: Probing the key 103.89 hurdle. We expect the market to
ultimately breakout above here and target 104.30, then 105.43
respectively.
 EUR/SEK: Reverting back lower to 8.5810 flagged support. We expect
weakness through here to 8.5400 medium term trendline support.
 EUR/NOK: Aggressive break lower through 7.3642 reinforces the
downward trend and allows for a re-test of the target 7.3522/7.3458
support zone.
 NOK/SEK: Approaching the key 1.1621/1.1599 initial support zone as
the decline lower form 1.1754 gathers momentum. We continue to
target 1.1544/1.1498.
Today’s trades/positions:
 EUR/GBP: Long from .8030, targeting .8250, stop now at .8020.
 EUR/JPY: Target met at 103.60. Buy again at 102.83 targeting 104.30,
stop at 101.03.
 EUR/SEK: Short from 8.6400, targeting 8.5100, stop at 8.7000.
 EUR/NOK: Reversed short through 7.3850, for 7.3500, stop at 7.4000.
 NOK/SEK: Short from 1.1720 target now at 1.1545, stop at 1.1755.
 AUD/NZD: Target met at 1.2640. Sell at 1.2660, targeting 1.2505, stop
at 1.2701.
Hierarchy Grid
Exhibit 1:

Source: Credit Suisse
Hierarchy Grid explained – please follow this link for a full guide on how to use the Hierarchy Grid.
TAHierarchyGrid



Research Analysts
David Sneddon
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Christopher Hine
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Cilline Bain
+44 20 7888 7174
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Pamela McCloskey
+44 20 7888 7175
pamela.mccloskey@http://wendang.chazidian.com

David Robertson
+44 20 7888 7172
david.robertson@http://wendang.chazidian.com


18 October 2012
Fixed Income Research
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