Today’s highlights:
· AUDUSD: Upward trendline spanning from December lows holds strong, with the 1.0629 low intact. Rebound through 1.0779 implies a re-test of the 1.0847 high
· USDJPY: Upside breakout through topping line resistance and the 78.6% Fibonacci retracement of 78.79 keeps the focus higher to 79.54, and then 80.25 resistance
· EURUSD: Aggressive reversal higher from support found at 1.2975 turns the focus higher for a rebound back up to 1.3284 minimally
Today’s trades:
· EURUSD: Short through 1.3125 for 1.2870; exit 1.3330
· USDJPY: Long through 78.35 for 79.50; exit below 77.90
· GBPUSD: Short at 1.5730 for 1.5525; exit 1.5850
· USDCHF: Long at .9130 for .9380; exit .9064
· AUDUSD: Short at 1.0760 for 1.0430; exit above 1.0850
· NZDUSD: Short at .8400; target is .8050; exit .8500
· USDCAD: Short through 1.0049 for .9805; stop/reverse at scratch at 1.0049 (for 1.0140)
Click here to read the full report: FX Daily Majors
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