Today’s highlights:
EURUSD: Cautious base building, but push above 1.3871/77, reinforced through 1.3938, needed to confirm for 1.4171
GBPUSD: Still building on the bullish ‘outside’ Thursday from 1.5891 support rebound leaves our bias to/through 1.6167 closer to 1.6330 into mid-month
USDCHF: Cautious setback from ahead of now key .9084 swing high. Whilst above .8761 the risk is for a push through resistance closer to the .9317 peak
USDCAD: Erosion again back from the 1.0224/65 resistance area reinforces the defensive digestion theme. Break below 1.0054 would aim back to/through .9887 into mid-month
Today’s trades:
EURUSD: Long at 1.3766, add on break above 1.3938 for 1.4144; exit/reverse below 1.3664
USDJPY: Long at 77.76, now for 78.25; reverse here or exit below 77.44
GBPUSD: Long at 1.5976 for 1.6325; exit 1.5868
USDCHF: Flat, try a long at .8851 for .9124; exit .8744
AUDUSD: Back short at 1.0410 for 1.0240; reverse to long here (back to short below 1.0194) or above 1.0451
NZDUSD: Short again at .7964 for .7765; exit above .8011
USDCAD: Short at 1.0210 for .9974; exit 1.0276
Credit Suisse
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