Today’s highlights:
EUR/USD: “Inside” Monday resilience to push through modest 1.4344 hurdle today for a neutral theme. Above 1.4498 needed to turn the tone more constructive though
GBP/USD: Recovery from the vicinity of the Head & Shoulders neckline (now 1.6119) rejects a more bearish quarter-end theme and looks to recovery targets at 1.6444/72
NZD/USD: Solid digestion Monday after the rebound from the 55-day MA (now .8008) to probe the topping line, now .8115. Late Q2 risk is still through .8303 to a new secular high
Today’s trades:
EUR/USD: Long through 1.4236 for 1.4430; exit reverse here or to flat below 1.4180
USD/JPY: Long at 79.80 for 81.75; stop/reverse 79.49
GBP/USD: Long at 1.6155 for 1.6590; exit/reverse 1.5995
USD/CHF: Long through .8552, targeting .8735, exit .8430
AUD/USD: Long at 1.0572 for 1.0880; exit below 1.0440
NZD/USD: Look to buy at .8050 for .8220; exit/reverse through .7964
USD/CAD: Flat, enter short at .9910 for .9680; exit .9980
Credit Suisse
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