Today’s highlights:
· DXY: Through trend resistance from the 2011 peak with risk to the 55-DMA, 79.69. A close above would aim through the mid-Q1 spike high 80.12, closer to topping barriers, 80.50/70 (threat to 2012 peak, 81.78)
· EURUSD: Topping since the bearish “outside” Wednesday failure at 1.3510 barrier reinforced through chart support, 1.3231/11, with the 2012 trend line key, now 1.3160
· NZDUSD: Threatening a more notable top, but only below .8245 confirms for a more negative tone to aim at the .8050/8000 area
· AUDUSD: Prod at 1.0761 hints at a more defensive range bias. Only below 1.0651 reinforces a bullish failure and through 1.0598 still needed to confirm a Double Top
Today’s trades:
· EURUSD: Flat, retry short at 1.3325 for 1.3000; exit 1.3406
· USDJPY: Flat, retry long at 80.10 for 82.75; exit 79.20
· GBPUSD: Long at 1.5900 for 1.6150; exit/reverse 1.5790 for 1.5660
· USDCHF: Long at .8950 for .9200; exit .8890
· AUDUSD: Short at 1.0780 for 1.0400; exit 1.0860
· NZDUSD: Short at .8400; target is .8050; exit .8500
· USDCAD: Reversed into a short through .9885 for .9735; exit 1.0005
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