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Sell AUD/USD At S/T Resistance; Sell EUR/USD At Breakout Zone - Credit Suisse
In a note to clients today, Credit Suisse looked at the technical setups for AUD/USD, and EUR/USD where CS is bearish near-term, and recommends selling limit-orders on approaching specific technical levels. Starting with AUD/USD, CS notes that the immediate focus turns towards a cluster of supports at .7790/74, notes Credit Suisse. "AUDUSD has reversed its early gains, completing a bearish “outside” session to weigh on a cluster of supports at .7790/74 - the early May low, 61.8% retracement and 55-day average support – where we would expect fresh buying to show here," CS projects. "A direct break lower though ... (full story)
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