Today’s highlights:
EUR/USD: Resilient digestion above former 61.8% retrace resistance (1.4572) still aims at 1.4735/54 this week, with the June threat to the 1.4944 cycle peak
USD/JPY: Further support probes (80.03/00) continue to harm the bottoming effort, but a more bearish theme still needs surrender of 79.56; we look for this to hold initially
USD/CHF: Further activity below the return line (now acting as resistance) targets .8250 next on the way to .8125
AUD/USD: Resilience, distinctly above the 55-DMA (1.0584), leaves risk this week through 1.0795 to chart/78.6% retracement targets at 1.0890/91
Today’s trades:
EUR/USD: Re-entered long at 1.4570 for 1.4730; exit 1.4494
USD/JPY: Flat; would wait to enter long again at 79.80 for 81.75, with stop/reverse below 79.49
GBP/USD: Long from 1.6316 for 1.6585; exit 1.6264
USD/CHF: Flat; sell rebound to .8440 for .8250; exit .8566
AUD/USD: Re-entered long at 1.0680 for 1.0885; exit 1.0579
NZD/USD: Long at .8156 for .8390; exit .8048
USD/CAD: Long from .9712 for .9950; exit.9624
Credit Suisse
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